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Guideline Value

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Guideline Value for CMDA NAGAR G.S.T. ROAD (WARD -3)

₹2200/sq.ft.

The guideline value for Cmda Nagar G.s.t. Road (ward -3) in Sattamangalam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Sattamangalam

Village

Chengleput Joint II

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Cmda Nagar G.s.t. Road (ward -3)

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Cmda Nagar G.S.T. Road (Ward -3) guideline value

The current guideline value of Cmda Nagar G.S.T. Road (Ward -3) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Sattamangalam village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Cmda Nagar G.S.T. Road (Ward -3) has changed

Over the years, the guideline value for Cmda Nagar G.S.T. Road has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in the 2023 revision and further rose to Rs 2,200 per sq.ft in the 2024 revision. The register has no figures for this street in the years 2002, 2003, and 2007.

The changes between revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Sattamangalam

Sattamangalam village has a total of 425 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Cmda Nagar G.S.T. Road's 2024 figure above this median.

Stamp duty and registration fee for property in Cmda Nagar G.S.T. Road (Ward -3)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Cmda Nagar G.S.T. Road (Ward -3)?

The Sub Registrar Office that covers Cmda Nagar G.S.T. Road (Ward -3) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sattamangalam

The guideline value is a crucial factor when buying or selling property in Sattamangalam. It is the minimum value set by the government for property transactions, ensuring that properties are registered at a fair price. This value is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

When a property is sold, the sale price must be at least equal to the guideline value. If the sale price is lower than the guideline value, the higher amount will be used for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Cmda Nagar G.S.T. Road?

The current guideline value for Cmda Nagar G.S.T. Road (Ward -3) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Cmda Nagar G.S.T. Road?

Cmda Nagar G.S.T. Road is classified as Residential Special Type - I, indicating its use for residential purposes.

How is stamp duty calculated for properties in Cmda Nagar G.S.T. Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.

Which office handles property registrations for Cmda Nagar G.S.T. Road?

The Chengleput Joint II Sub Registrar Office handles property registrations for Cmda Nagar G.S.T. Road, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.