Guideline Value for Captone City

Captone City guideline value

The current guideline value for Captone City is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Captone City has changed

The guideline value for Captone City has seen several revisions over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 61 per sq.ft. This increased to Rs 80 per sq.ft in 2003, representing a change of +31%. The value further rose significantly to Rs 400 per sq.ft in 2007, marking an increase of +400%. In 2012, the guideline value was Rs 900 per sq.ft, which was a +125% increase from the previous revision.

From 2012 to 2017, the value decreased by -33% to Rs 603 per sq.ft. The next revision in 2023 set the guideline value at Rs 900 per sq.ft, followed by a rise to Rs 990 per sq.ft in 2024, which is a +10% increase. Overall, from 2002 to 2024, the guideline value has increased by +1523%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing the guideline value for Captone City below this median.

• Britania Nagar: Rs 880 per sq.ft (2024)
• Bhavani nagar Prathana Salai (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Bharathiyar nagar 3rd street: Rs 1,100 per sq.ft (2024)
• Bharathiyar nagar 2nd street: Rs 1,100 per sq.ft (2024)
• Bharathiyar nagar 1st street: Rs 1,100 per sq.ft (2024)
• Bharathi street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Captone City

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, totaling Rs 89,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Captone City?

The Sub Registrar Office covering Captone City is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration of property transactions in Ayappakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions. This ensures that the government receives the appropriate revenue from property sales.

Frequently asked questions

What is the current guideline value of Captone City?

The current guideline value of Captone City is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 61 per sq.ft in 2002 to Rs 990 per sq.ft in 2024, reflecting a total increase of +1523% over the years.

What are the stamp duty and registration fees for Captone City?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 89,100, based on the current guideline value.

Which Sub Registrar Office covers Captone City?

The Ambattur Sub Registrar Office covers Captone City, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Ayappakkam?

The median guideline value for streets in Ayappakkam is Rs 1,300 per sq.ft, with Captone City being below this median at Rs 990 per sq.ft.