Guideline Value for CPWD Quarters

CPWD Quarters guideline value

The current guideline value of CPWD Quarters in Thirumangalam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This property falls under the AnnaNagar SRO and is classified as Residential Special Type - I.

How the guideline value of CPWD Quarters has changed

Over the years, the guideline value for CPWD Quarters has seen significant changes. The earliest recorded revision was in 2007, when the value was Rs 3,100 per sq.ft. This increased to Rs 10,500 per sq.ft in 2012, marking a substantial rise of 239%. However, it then decreased to Rs 7,035 per sq.ft in 2017, a drop of 33%. The value continued to rise to Rs 10,500 per sq.ft in 2023, and finally reached Rs 11,500 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 271%. It is important to note that there are no figures recorded for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median value for these streets is Rs 11,500 per sq.ft, which is the same as the current value for CPWD Quarters.

• Chandramouleeswarar Temple: Rs 13,200 per sq.ft (2024)
• Chaithanya Apartments: Rs 13,200 per sq.ft (2024)
• Bharathidasan Street: Rs 3,300 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)
• G Block 10th Main Road: Rs 15,900 per sq.ft (2024)
• G Block west 13th Street: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in CPWD Quarters

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, totaling Rs 10,35,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers CPWD Quarters?

The CPWD Quarters are covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thirumangalam. It serves as a benchmark for determining the minimum sale price of a property, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for CPWD Quarters?

The current guideline value for CPWD Quarters in Thirumangalam village is Rs 11,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 3,100 per sq.ft to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 271% over the years.

What are the other streets in Thirumangalam with their guideline values?

Other streets in Thirumangalam include Chandramouleeswarar Temple at Rs 13,200 per sq.ft, Chaithanya Apartments at Rs 13,200 per sq.ft, and Bharathidasan Street and Gandhi Street both at Rs 3,300 per sq.ft, among others.

How is stamp duty calculated for CPWD Quarters?

Stamp duty for CPWD Quarters is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 8,05,000 at the current guideline value.

Where can I find the Sub Registrar Office for CPWD Quarters?

The Sub Registrar Office covering CPWD Quarters is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information online.