Guideline Value for Cenwar Nagar

Cenwar Nagar guideline value

The current guideline value of Cenwar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Tambaram village and falls under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Cenwar Nagar has changed

Over the years, the guideline value of Cenwar Nagar has seen several revisions. The 2007 revision recorded a guideline value of Rs 420 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 376%. However, the value decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The 2023 revision brought the value back up to Rs 2,000 per sq.ft, which then increased by 10% to the current figure of Rs 2,200 per sq.ft in 2024.

The register has no figures for the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 424%.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Cenwar Nagar's 2024 figure below that median.

• Chandran Devanesan Lane: Rs 2,200 per sq.ft (2024)
• Chandran Devanesan Street: Rs 2,200 per sq.ft (2024)
• Chandrapathy Nagar: Rs 1,320 per sq.ft (2024)
• Chandrapuri Nagar: Rs 2,200 per sq.ft (2024)
• Brindavan Nagar: Rs 2,200 per sq.ft (2024)
• Brindavan Colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Cenwar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, making the total cost Rs 1,98,000. 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 personalized calculations.

Which Sub Registrar Office covers Cenwar Nagar?

The Sub Registrar Office that covers Cenwar Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Tambaram

The guideline value is a crucial factor in property transactions in Tambaram. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable to the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Ensuring compliance with the guideline value helps in the smooth processing of property registrations.

Frequently asked questions

What is the current guideline value of Cenwar Nagar?

The current guideline value of Cenwar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 420 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing an overall increase of 424%.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Cenwar Nagar?

The Tambaram Joint 1 Sub Registrar Office covers Cenwar Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Cenwar Nagar?

Cenwar Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.