Guideline Value for Central Grand

Central Grand guideline value

The current guideline value of Central Grand in Kanthoor village is Rs 700 per sq.ft, effective from 1 July 2024. This property falls under the Sunguvarchattram SRO and is classified as Mixed Type - I land.

How the guideline value of Central Grand has changed

Over the years, the guideline value for Central Grand has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision marked a significant change, reducing the value to Rs 469 per sq.ft, a decrease of 33% from the 2012 figure. In the 2024 revision, the value was adjusted back to Rs 700 per sq.ft, resulting in an overall change of 0% from 2012 to 2024.

From 2017 to 2023, there was a notable increase of 49% as the value rose from Rs 469 per sq.ft to Rs 700 per sq.ft. The 2023 to 2024 revision showed no change, maintaining the value at Rs 700 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 181 per sq.ft, placing Central Grand's 2024 figure above this median.

• Central Green: Rs 590 per sq.ft (2024)
• Biramanar Street: Rs 181 per sq.ft (2024)
• Biramanar Cross Street: Rs 150 per sq.ft (2024)
• Big Street: Rs 150 per sq.ft (2024)
• Detroit Layout: Rs 400 per sq.ft (2024)
• Baskaran Avenue: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Central Grand

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value is Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. 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 Central Grand?

The Sub Registrar Office that covers Central Grand is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kanthoor. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

During the registration process, the higher value between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the registration reflects the true value of the transaction, as determined by the guideline value set by the authorities.

Frequently asked questions

What is the current guideline value of Central Grand?

The current guideline value of Central Grand is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft in both the 2023 and 2024 revisions, with a significant increase of 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for Central Grand?

Central Grand is classified as Mixed Type - I land under the Sunguvarchattram SRO.

Where can I find the Sub Registrar Office for Central Grand?

The Sub Registrar Office for Central Grand is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Central Grand?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the stamp duty would be Rs 49,000.