Guideline Value for Centurian Nagar

Centurian Nagar guideline value

The current guideline value of Centurian Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in 44.Ayanambakkam village under the Konnur SRO and is classified as Residential Class I Type - II.

How the guideline value of Centurian Nagar has changed

The guideline value for Centurian Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 871 per sq.ft, which increased to Rs 1,300 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the value at Rs 1,400 per sq.ft, marking an increase of 8% from the previous year. Notably, the overall increase from 2017 to 2024 is 61%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The changes reflect a steady rise in the guideline value, particularly between the 2017 and 2023 revisions, which saw a substantial increase of 49%.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are a total of 157 streets under the Konnur SRO with a 2024 guideline value range from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, positioning Centurian Nagar's 2024 guideline value above this median.

• Chennai Metro City Main Road: Rs 4,478 per sq.ft (2024)
• Chetty Street 1st Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 2nd Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 3rd Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 4th Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 5th Cross: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Centurian Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees to Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Centurian Nagar?

Centurian Nagar falls under the Konnur Sub Registrar Office located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai in the Chennai registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value plays a crucial role during the registration process when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Centurian Nagar?

The current guideline value of Centurian Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 61% over this period.

What is the median guideline value in 44.Ayanambakkam?

The median guideline value in 44.Ayanambakkam is Rs 1,300 per sq.ft, with Centurian Nagar's value being above this median.

What are the stamp duty rates for property in Centurian Nagar?

The stamp duty for property in Centurian Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Centurian Nagar?

The Sub Registrar Office covering Centurian Nagar is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.