Guideline Value for Mount N Clave @ Vidyarthi Nagar

Mount N Clave @ Vidyarthi Nagar guideline value

The current guideline value of Mount N Clave @ Vidyarthi Nagar is Rs 902 per sq.ft, effective from 1 July 2024. This property is located in Allappakkam village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - IV.

How the guideline value of Mount N Clave @ Vidyarthi Nagar has changed

Over the years, the guideline value for Mount N Clave @ Vidyarthi Nagar has seen several revisions. The 2012 revision set the value at Rs 900 per sq.ft, which remained unchanged until the 2023 revision, where it was also Rs 900 per sq.ft. The next revision in 2024 saw a slight increase to Rs 902 per sq.ft, marking a 0% change from the previous year.

Looking further back, the 2017 revision recorded a guideline value of Rs 603 per sq.ft, which was a significant increase of 49% from the 2012 figure. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street, which limits the historical context of the guideline value changes.

Guideline values in Allappakkam

In Allappakkam village, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, indicating that the 2024 figure for Mount N Clave @ Vidyarthi Nagar is below this median.

• Mathina Nagar: Rs 1,102 per sq.ft (2024)
• Nsk Nagar I II III IV: Rs 902 per sq.ft (2024)
• Malai Street: Rs 800 per sq.ft (2024)
• Lakshmi Nagar: Rs 1,102 per sq.ft (2024)
• Kurinji Nagar: Rs 902 per sq.ft (2024)
• Pazhani Nagar: Rs 902 per sq.ft (2024)

Stamp duty and registration fee for property in Mount N Clave @ Vidyarthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 902 per sq.ft, the total guideline value would be Rs 9,02,000. The stamp duty at 7% would amount to Rs 63,140, while the registration fee at 2% would be Rs 18,040, bringing the total fees to Rs 81,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mount N Clave @ Vidyarthi Nagar?

The Sub Registrar Office that covers Mount N Clave @ Vidyarthi Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Allappakkam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected costs associated with the transaction. It is essential to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Mount N Clave @ Vidyarthi Nagar?

The current guideline value of Mount N Clave @ Vidyarthi Nagar is Rs 902 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2023 to Rs 902 per sq.ft in 2024, showing a 0% increase. It was Rs 603 per sq.ft in 2017, which was a 49% increase from Rs 900 per sq.ft in 2012.

What is the land classification for Mount N Clave @ Vidyarthi Nagar?

Mount N Clave @ Vidyarthi Nagar is classified as Residential Special Type - IV, which indicates its suitability for residential development.

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

The Chengleput Joint I Sub Registrar Office covers Mount N Clave @ Vidyarthi Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,02,000, the stamp duty would be Rs 63,140.