Guideline Value for CSIR Nagar

CSIR Nagar guideline value

The current guideline value of CSIR Nagar is Rs 700 per sq.ft, as per the 2023 revision. This area falls under Keerapakkam village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of CSIR Nagar has changed

In the 2012 revision, the guideline value was set at Rs 700 per sq.ft. However, in the 2017 revision, this figure decreased to Rs 469 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 700 per sq.ft again, reflecting a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 700 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Keerapakkam

Currently, the guideline value for CSIR Nagar is Rs 700 per sq.ft. Unfortunately, there are no specific figures provided for other streets in Keerapakkam under the Gooduvancheri SRO.

Stamp duty and registration fee for property in CSIR Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is essential to note that the 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 more details.

Which Sub Registrar Office covers CSIR Nagar?

The Sub Registrar Office that covers CSIR Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Keerapakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the transaction is recorded accurately and complies with legal requirements.

Frequently asked questions

What is the current guideline value of CSIR Nagar?

The current guideline value of CSIR Nagar is Rs 700 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value decreased from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, and then increased back to Rs 700 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the land classification for CSIR Nagar?

The land classification for CSIR Nagar is Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property in CSIR Nagar?

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for CSIR Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. This office handles the registration of properties in CSIR Nagar.