Guideline Value for Chowndhira Panidan Nagar

Chowndhira Panidan Nagar guideline value

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

How the guideline value of Chowndhira Panidan Nagar has changed

The guideline value for Chowndhira Panidan Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 300 per sq.ft, a decrease of 25% from the 2023 revision, which was Rs 400 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has decreased from Rs 400 per sq.ft in 2023 to Rs 300 per sq.ft in 2024. The absence of figures in previous revisions indicates that there may have been no changes recorded for this street during those years.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO carrying a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Chowndhira Panidan Nagar is above this median.

• Chennai Bangaluru main road: Rs 600 per sq.ft (2024)
• Chellaperumal Nagar: Rs 300 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 250 per sq.ft (2024)
• Bharathiyar Street: Rs 150 per sq.ft (2024)
• Bharathi Nagar: Rs 200 per sq.ft (2024)
• Bhagavathy Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chowndhira Panidan 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 is charged at 7%, which totals Rs 21,000, and the registration fee is charged at 2%, totaling Rs 6,000. Therefore, the total fees combined amount to Rs 27,000. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Chowndhira Panidan Nagar?

The Sub Registrar Office covering Chowndhira Panidan 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 Nemili_B

The guideline value is a critical factor when registering property transactions in Nemili_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chowndhira Panidan Nagar?

The current guideline value of Chowndhira Panidan 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 decreased from Rs 400 per sq.ft in 2023 to Rs 300 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Chowndhira Panidan Nagar?

Chowndhira Panidan Nagar is classified as Residential Class I Type - I. This classification is important for determining the guideline value and other regulatory aspects.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Chowndhira Panidan Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details online.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 3,00,000, the stamp duty would be 7% of that amount.