Guideline Value for Cini production Assistants Nagar

Cini production Assistants Nagar guideline value

The current guideline value of Cini production Assistants Nagar is Rs 510 per sq.ft, effective from 1 July 2024. This area is located in Puthuper village under the Sriperumpudur SRO, classified as Commercial Class I Type - II.

How the guideline value of Cini production Assistants Nagar has changed

The guideline value for Cini production Assistants Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 235 per sq.ft, which increased to Rs 500 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 335 per sq.ft. The 2023 revision saw a significant increase to Rs 500 per sq.ft, followed by a rise to Rs 510 per sq.ft in the 2024 revision, marking a 2% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 117%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Puthuper

Puthuper village has 39 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 100 to Rs 1,350 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, and Cini production Assistants Nagar's 2024 figure is above this median.

• Chelliamman Nagar - II: Rs 400 per sq.ft (2024)
• Chelliamman Nagar: Rs 400 per sq.ft (2024)
• Devadoss Garden: Rs 400 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 400 per sq.ft (2024)
• Dhanalakshmi Nagar Ext: Rs 400 per sq.ft (2024)
• Docter Sundaravelu Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Cini production Assistants Nagar

For a 1,000 sq.ft plot at the current rate of Rs 510 per sq.ft, the guideline value amounts to Rs 5,10,000. The stamp duty at 7% would be Rs 35,700, and the registration fee at 2% would be Rs 10,200, totaling Rs 45,900. 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 more details.

Which Sub Registrar Office covers Cini production Assistants Nagar?

The Sub Registrar Office that covers Cini production Assistants 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 Puthuper

The guideline value plays a crucial role when buying or selling property in Puthuper. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the correct revenue from property transactions.

When registering a property, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that all property transactions are fairly assessed and taxed according to the established guideline values.

Frequently asked questions

What is the current guideline value of Cini production Assistants Nagar?

The current guideline value of Cini production Assistants Nagar is Rs 510 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 510 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What is the median guideline value in Puthuper village?

The median guideline value in Puthuper village is Rs 400 per sq.ft, with Cini production Assistants Nagar's value being above this median.

What are the stamp duty and registration fees for property in Cini production Assistants Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 45,900, based on the current rates.

Which office handles property registrations for Cini production Assistants Nagar?

The Sriperumpudur Sub Registrar Office handles property registrations for Cini production Assistants Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.