Guideline Value for Christhu Nagar

Christhu Nagar guideline value

The current guideline value of Christhu Nagar, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Christhu Nagar has changed

The guideline value for Christhu Nagar has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 191 per sq.ft. This value increased significantly to Rs 600 per sq.ft in 2007, marking a change of 214%. By 2012, the guideline value remained unchanged at Rs 2,500 per sq.ft. In 2023, it was again Rs 2,500 per sq.ft, showing no change from the previous revision.

The most recent revision in 2024 raised the guideline value to Rs 2,750 per sq.ft, reflecting a 10% increase from the 2023 figure. Overall, from 2003 to 2024, the guideline value has increased by 1340%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, indicating that Christhu Nagar's 2024 figure is below this median.

• Church Road: Rs 2,750 per sq.ft (2024)
• C.L.C Works Road: Rs 3,300 per sq.ft (2024)
• Chitra Township: Rs 3,850 per sq.ft (2024)
• C.N. Padmanaban Street: Rs 3,300 per sq.ft (2024)
• C.N.Padmanabhan Street: Rs 3,300 per sq.ft (2024)
• Chinna 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Christhu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. It is important to note that 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 Christhu Nagar?

The Christhu Nagar area falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the transaction must be registered at the relevant Sub Registrar Office, where the guideline value will be referenced to determine the applicable fees. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Christhu Nagar?

The current guideline value of Christhu Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 191 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, which is an overall increase of 1340%.

What is the registration fee for property in Christhu Nagar?

The registration fee is 2% of the guideline value. For a property valued at Rs 27,50,000, the registration fee would be Rs 55,000.

Where is the Pallavaram Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions, serving as a benchmark for the financial obligations of buyers and sellers.