Guideline Value for Chinnaiyan Nagar

Chinnaiyan Nagar guideline value

The current guideline value of Chinnaiyan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Sevilimadu - A village under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Chinnaiyan Nagar has changed

The guideline value for Chinnaiyan Nagar has undergone several revisions over the years. The oldest available revision is from 2017, which set the value at Rs 670 per sq.ft. This was followed by an increase to Rs 1,000 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Chinnaiyan Nagar.

• Chinna Kanni Nagar: Rs 875 per sq.ft (2024)
• Brindavan Garden: Rs 1,100 per sq.ft (2024)
• Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Dr. J.J. Nagar: Rs 1,100 per sq.ft (2024)
• Bangaru Amman Colony: Rs 1,100 per sq.ft (2024)
• Ellappa Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnaiyan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. 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 Chinnaiyan Nagar?

The Sub Registrar Office that covers Chinnaiyan Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, 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 Sevilimadu - A

The guideline value plays a crucial role during the registration of property transactions in Sevilimadu - A. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is compliant with local regulations.

When buying or selling property, the guideline value is considered to establish a fair basis for taxation. This helps maintain transparency in property transactions and ensures that both buyers and sellers are aware of the costs involved.

Frequently asked questions

What is the current guideline value of Chinnaiyan Nagar?

The current guideline value of Chinnaiyan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64%.

What is the registration office for Chinnaiyan Nagar?

The registration office for Chinnaiyan Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

What are the stamp duty rates for properties in Chinnaiyan Nagar?

The stamp duty for properties in Chinnaiyan Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures compliance with local regulations and maintains transparency in the buying and selling process.