Guideline Value for CS NH1 (WARD -5)

Cs Nh1 (Ward -5) guideline value

The current guideline value for Cs Nh1 (Ward -5) in Panangottur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area 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 undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a significant drop of 33%. However, the value rebounded in the 2023 revision to Rs 1,200 per sq.ft, and then increased by 10% to reach the current value of Rs 1,320 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back up. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, indicating that Cs Nh1 (Ward -5) is positioned above this median.

• Cmda Nagar G.S.T. Road (Ward -3): Rs 2,200 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,320 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,320 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 1,320 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers 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 Panangottur

The guideline value plays a crucial role in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that all property transactions are recorded accurately and transparently, reflecting the true value of the property in the market.

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 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 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, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Cs Nh1 (Ward -5)?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 1,18,800.

Where can I find the Sub Registrar Office for Cs Nh1 (Ward -5)?

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 relevant link.