Guideline Value for Chinnasamy Nagar

Chinnasamy Nagar guideline value

The current guideline value of Chinnasamy Nagar, located in Navaloor village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Chinnasamy Nagar has changed

The guideline value for Chinnasamy Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 40 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a remarkable increase of 650%. However, from 2012 to 2017, the value decreased by 33% to Rs 201 per sq.ft. The subsequent revision in 2023 maintained the value at Rs 300 per sq.ft, which remained unchanged in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 650%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,100 per sq.ft, with a median value of Rs 300 per sq.ft. Chinnasamy Nagar's 2024 figure aligns with this median.

• Dei Gratia Associates: Rs 300 per sq.ft (2024)
• Brindavan Nagar: Rs 200 per sq.ft (2024)
• Dr.Chandra City: Rs 450 per sq.ft (2024)
• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Alamaram Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnasamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total 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, totaling Rs 27,000. 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 Chinnasamy Nagar?

The Sub Registrar Office that covers Chinnasamy Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Navaloor. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the guideline value or the sale price, whichever is higher, 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 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and returned to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification of Chinnasamy Nagar?

Chinnasamy Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Sub Registrar Office for Chinnasamy Nagar located?

The Sub Registrar Office for Chinnasamy Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chinnasamy Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a stamp duty of Rs 21,000.