Guideline Value for Cine Production Assistant Nagar

Cine Production Assistant Nagar guideline value

The current guideline value of Cine Production Assistant Nagar, located in Katrampakkam village, is Rs 500 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Special Type - I.

How the guideline value of Cine Production Assistant Nagar has changed

The guideline value for Cine Production Assistant Nagar has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 235 per sq.ft. This increased to Rs 500 per sq.ft in 2012, remained the same in 2023, and was again set at Rs 500 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2012 to 2017, the value decreased by 33% to Rs 335 per sq.ft. However, it rose significantly by 49% to Rs 500 per sq.ft in 2023 and has remained unchanged into 2024. Overall, from 2007 to 2024, the guideline value has increased by 113%.

Guideline values in Katrampakkam

Katrampakkam village has 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value of Cine Production Assistant Nagar is above this median.

• Chelliamman Nagar: Rs 500 per sq.ft (2024)
• Bramanar Street: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 400 per sq.ft (2024)
• Adhiparasakthi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Cine Production Assistant Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Cine Production Assistant Nagar?

The Sub Registrar Office that covers Cine Production Assistant 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 Katrampakkam

The guideline value is a crucial factor in the registration process for buying or selling property in Katrampakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per government regulations.

When a buyer or seller engages in a property transaction, they must consider the guideline value to avoid any discrepancies during the registration process. It serves as a benchmark for the financial aspects of the deal, helping both parties understand their obligations regarding taxes and fees.

Frequently asked questions

What is the current guideline value of Cine Production Assistant Nagar?

The current guideline value of Cine Production Assistant Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 235 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, remaining the same in 2023 and 2024. The most significant change was from 2012 to 2017, where it dropped to Rs 335 per sq.ft before rising again.

What is the land classification of Cine Production Assistant Nagar?

Cine Production Assistant Nagar is classified as Residential Special Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 45,000 in fees based on the current guideline value.

Where can I find the Sub Registrar Office for Cine Production Assistant Nagar?

The Sub Registrar Office for Cine Production Assistant Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information about your SRO online.