Guideline Value for NEW CHENGALAMMAN NAGAR

New Chengalamman Nagar guideline value

The current guideline value for New Chengalamman Nagar is Rs 400 per sq.ft, as per the 2023 revision. This area falls under Nallur_2 village and is classified as Residential Class III Type - I. The relevant Sub Registrar Office for this street is the Redhills SRO.

How the guideline value of New Chengalamman Nagar has changed

In the 2017 revision, the guideline value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a significant change of +49%. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. The absence of figures for other revisions indicates that there were no updates recorded for those years.

Guideline values in Nallur_2

Currently, there are no specific village figures available for Nallur_2. New Chengalamman Nagar is the only street mentioned under this classification in the Redhills SRO.

Stamp duty and registration fee for property in New Chengalamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. 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 Chengalamman Nagar?

The New Chengalamman Nagar area is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value plays a crucial role in the registration process when buying or selling property in Nallur_2. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller approaches the registration office, the guideline value is assessed to calculate the applicable fees. This ensures transparency and standardization in property transactions within the area.

Frequently asked questions

What is the current guideline value for New Chengalamman Nagar?

The current guideline value for New Chengalamman Nagar is Rs 400 per sq.ft, based on the 2023 revision.

How much did the guideline value increase from 2017 to 2023?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, which is a change of +49%.

Are there any guideline values for the years 2002, 2003, 2007, 2012, and 2024?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for New Chengalamman Nagar. This indicates that no revisions were recorded for these years.

What classification does New Chengalamman Nagar fall under?

New Chengalamman Nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes.

Where is the Redhills Sub Registrar Office located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.