Guideline Value for Chevagam Nagar

Chevagam Nagar guideline value

The current guideline value of Chevagam Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under MuthigaiNallan Kuppam village and is governed by the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Chevagam Nagar has changed

In the 2023 revision, the guideline value for Chevagam Nagar was Rs 300 per sq.ft. This figure remained unchanged in the 2024 revision, which also set the guideline value at Rs 300 per sq.ft, resulting in a change of +0% from the previous year. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Thus, the guideline value has consistently remained at Rs 300 per sq.ft since at least 2023, with no recorded changes in the earlier revisions mentioned. The lack of figures for earlier years indicates stability in the guideline value for this locality.

Guideline values in MuthigaiNallan Kuppam

Currently, there are no specific village figures available for MuthigaiNallan Kuppam. The guideline value for Chevagam Nagar is Rs 300 per sq.ft in 2024. There are no other streets in MuthigaiNallan Kuppam under the Thirukazhukundram SRO listed.

Stamp duty and registration fee for property in Chevagam Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chevagam Nagar?

The Thirukazhukundram Sub Registrar Office covers Chevagam Nagar, located at Thiruchengode - 637 211, Chengalpattu 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 MuthigaiNallan Kuppam

The guideline value is a critical factor in property transactions in MuthigaiNallan Kuppam, as it determines the minimum value at which properties can be registered. Buyers and sellers should be aware that the guideline value serves as a reference point for calculating stamp duty and registration fees during the transaction process.

When registering a property, the guideline value will be used to assess the applicable fees, ensuring that the transaction is compliant with local regulations. It is essential for both parties to understand the guideline value when negotiating sales and purchases in this area.

Frequently asked questions

What is the current guideline value of Chevagam Nagar?

The current guideline value of Chevagam Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 300 per sq.ft from the 2023 revision to the 2024 revision, with no figures available for earlier years such as 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for properties in Chevagam Nagar?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Chevagam Nagar?

The Thirukazhukundram Sub Registrar Office is responsible for property registrations in Chevagam Nagar, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties and is essential for calculating stamp duty and registration fees. It ensures that property transactions comply with local regulations.