Guideline Value for NEW CHENAI CITY PHASE IV ANNEX

New Chenai City Phase IV Annex guideline value

The current guideline value for New Chenai City Phase IV Annex is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Nelllikuppam village under the Thiruporur SRO, classified as Residential Special Type - II.

How the guideline value of New Chenai City Phase IV Annex has changed

The guideline value for New Chenai City Phase IV Annex has remained consistent at Rs 500 per sq.ft since the 2023 revision, which also recorded the same figure. Prior to this, the register has no figure for this street in the revisions of 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there was no change in the guideline value, reflecting a +0% adjustment. The 2024 revision marks the current value as Rs 500 per sq.ft, consistent with the previous year.

Guideline values in Nelllikuppam

Nelllikuppam has a total of 45 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,600 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for New Chenai City Phase IV Annex is below this median.

• New Chennai City: Rs 500 per sq.ft (2024)
• New Chennai City Annex: Rs 500 per sq.ft (2024)
• New Chennai City Annex I: Rs 500 per sq.ft (2024)
• New Chennai City Phase -1: Rs 500 per sq.ft (2024)
• New Chennai City Phase II: Rs 500 per sq.ft (2024)
• New Chennai City Phase III: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in New Chenai City Phase IV Annex

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 is calculated at 7%, totaling Rs 35,000, and the registration fee at 2% amounts to Rs 10,000, resulting in a combined cost 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.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers New Chenai City Phase IV Annex?

The New Chenai City Phase IV Annex falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Nelllikuppam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for New Chenai City Phase IV Annex?

The current guideline value for New Chenai City Phase IV Annex 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 at Rs 500 per sq.ft since the 2023 revision, with no changes in the previous revisions for this street. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft, the total guideline value is Rs 5,00,000. The stamp duty is Rs 35,000, and the registration fee is Rs 10,000, totaling Rs 45,000.

Which office handles property registration for New Chenai City Phase IV Annex?

The Thiruporur Sub Registrar Office handles property registration for New Chenai City Phase IV Annex, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

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

The guideline value is used to calculate stamp duty and registration fees during property transactions. It ensures that the government receives appropriate revenue and serves as a reference point for buyers and sellers during registration.