Guideline Value for Chinnappa Garden\Nagar

Chinnappa Garden\Nagar guideline value

The current guideline value for Chinnappa Garden\Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Chennerkuppam village and falls under the Kunrathur SRO. The land classification is Residential Class I Type - II.

How the guideline value of Chinnappa Garden\Nagar has changed

The guideline value for Chinnappa Garden\Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in 2017, reflecting a drop of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,400 per sq.ft, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,540 per sq.ft, which is a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street in the register. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is equal to the current guideline value for Chinnappa Garden\Nagar.

• By-Pass Road: Rs 6,895 per sq.ft (2024)
• D.R.R. Nagar: Rs 1,100 per sq.ft (2024)
• Bajanai koil Street: Rs 1,540 per sq.ft (2024)
• Ayaan City Phase-2: Rs 1,540 per sq.ft (2024)
• Ayaan City: Rs 1,430 per sq.ft (2024)
• Avadi Road: Rs 4,620 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnappa Garden\Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, bringing the total fees together to Rs 1,38,600. 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 detailed calculations.

Which Sub Registrar Office covers Chinnappa Garden\Nagar?

The Sub Registrar Office that covers Chinnappa Garden\Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Chennerkuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Chinnappa Garden\Nagar?

The current guideline value of Chinnappa Garden\Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then increased to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification of Chinnappa Garden\Nagar?

The land classification for Chinnappa Garden\Nagar is Residential Class I Type - II.

What are the stamp duty and registration fees for property in Chinnappa Garden\Nagar?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.