Guideline Value for Chinnasamy Nagar

Chinnasamy Nagar guideline value

The current guideline value of Chinnasamy Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Somangalam_B village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Chinnasamy Nagar has changed

The guideline value for Chinnasamy Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 200 per sq.ft, which remains unchanged from the 2023 revision. Prior to that, the 2017 revision set the value at Rs 134 per sq.ft, indicating a 49% increase in value from 2017 to 2023 and maintaining the same value from 2023 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 49%. The 2024 figure of Rs 200 per sq.ft is below the median of Rs 250 per sq.ft for the 79 streets in Somangalam_B under the Sriperumpudur SRO.

Guideline values in Somangalam_B

In Somangalam_B, the guideline values for various streets range from Rs 150 to Rs 2,500 per sq.ft, with a median value of Rs 250 per sq.ft. Chinnasamy Nagar's current guideline value is below this median.

• Dharmashastha Nagar: Rs 150 per sq.ft (2024)
• Doctor Avenue: Rs 250 per sq.ft (2024)
• Doctors Avenue Annexe-I: Rs 400 per sq.ft (2024)
• Dr.APJ Abdul Kalam Nagar: Rs 250 per sq.ft (2024)
• Balaji Nagar: Rs 400 per sq.ft (2024)
• Bajanai koil street: Rs 400 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 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that 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 further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Somangalam_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. It is essential for buyers and sellers to be aware of the current guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Chinnasamy Nagar?

The current guideline value of Chinnasamy Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2023 to 2024, and it increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Chinnasamy Nagar?

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

What are the stamp duty and registration fees for property in Chinnasamy Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

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.