Guideline Value for Chinnasamy Nagar

Chinnasamy Nagar guideline value

The current guideline value of Chinnasamy Nagar, located in Kovilpathagai village under the Ambattur SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Chinnasamy Nagar has changed

The guideline value for Chinnasamy Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which dropped to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 800 per sq.ft, and the latest revision in 2024 raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year.

In summary, the changes between revisions show a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, and an overall increase of 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, placing Chinnasamy Nagar's 2024 figure above that median.

• Chouthri Street (Kanadapalayam): Rs 803 per sq.ft (2024)
• christ king Avenue: Rs 1,900 per sq.ft (2024)
• Church Street (Ashok Nagar): Rs 880 per sq.ft (2024)
• Church Street (Natham): Rs 806 per sq.ft (2024)
• Crist Colony (Annai Thearasa 1 to 6 Cross Street): Rs 990 per sq.ft (2024)
• Crist Colony (Annai Thearasa Main Road): Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Nagar

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnasamy Nagar?

The Sub Registrar Office that covers Chinnasamy Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the property registration process in Kovilpathagai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value must be considered alongside the sale price. The higher of the two figures will be used to determine the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chinnasamy Nagar?

The current guideline value of Chinnasamy Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the classification of land in Chinnasamy Nagar?

Chinnasamy Nagar is classified as Residential Class II Type - I.

What are the other guideline values in Kovilpathagai?

In Kovilpathagai, guideline values range from Rs 803 to Rs 2,900 per sq.ft, with a median value of Rs 870 per sq.ft. Chinnasamy Nagar's value is above this median.

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

The Sub Registrar Office for Chinnasamy Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.