Guideline Value for Cine Production Assistant Nagar

Cine Production Assistant Nagar guideline value

The current guideline value of Cine Production Assistant Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Katrampakkam B village under the Sriperumpudur SRO, and it 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 undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 335 per sq.ft. In the following revisions, the guideline value remained unchanged at Rs 500 per sq.ft in both 2023 and 2024, indicating a 49% increase from the 2017 figure to the 2024 figure.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. The guideline value remained stable from 2023 to 2024, with a change of +0% during that period.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing the 2024 figure for Cine Production Assistant Nagar 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 amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, resulting in a total of 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 information, 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Katrampakkam B. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when acquiring property in this area.

When selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures that the transaction is documented accurately and complies with local regulations.

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 remained unchanged at Rs 500 per sq.ft from 2023 to 2024. It increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Cine Production Assistant Nagar?

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

Where is the Sub Registrar Office for Cine Production Assistant Nagar located?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.