Guideline Value for CS NH1 (WARD -5)

Cs Nh1 (Ward -5) guideline value

The current guideline value of Cs Nh1 (Ward -5) in Ninna Karai village is Rs 1,321 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Cs Nh1 (Ward -5) has changed

The guideline value for Cs Nh1 (Ward -5) has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,321 per sq.ft as of the 2024 revision. There are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making the current value of Cs Nh1 (Ward -5) above this median.

• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,321 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Devi Prasath Nagar (N): Rs 660 per sq.ft (2024)
• Chitra Nagar (Sa): Rs 440 per sq.ft (2024)
• Cheran Street (Ward -5): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Cs Nh1 (Ward -5)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, totaling Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cs Nh1 (Ward -5)?

The Sub Registrar Office covering Cs Nh1 (Ward -5) 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 Ninna Karai

The guideline value plays a crucial role in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Cs Nh1 (Ward -5)?

The current guideline value for Cs Nh1 (Ward -5) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Cs Nh1 (Ward -5) has changed several times, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,321 per sq.ft in 2024.

What is the land classification for Cs Nh1 (Ward -5)?

Cs Nh1 (Ward -5) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the stamp duty rates applicable in Ninna Karai?

The stamp duty rate for property transactions in Ninna Karai is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.