Guideline Value for NEW CHENNAI CITY ANNEX I

New Chennai City Annex I guideline value

The current guideline value for New Chennai City Annex I is Rs 500 per sq.ft, effective from 1 July 2024. This property is located in Nelllikuppam village and falls under the Thiruporur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of New Chennai City Annex I has changed

The guideline value for New Chennai City Annex I has remained consistent at Rs 500 per sq.ft for the revisions in 2023 and 2024, showing no change between these years. For earlier revisions, the register has no figure for the years 2002, 2003, 2007, 2012, and 2017.

In summary, the 2024 revision maintains the same rate as the 2023 revision, which was also Rs 500 per sq.ft. This indicates stability in the guideline value for this property over the last two years.

Guideline values in Nelllikuppam

The guideline values for properties in Nelllikuppam vary across 45 streets under the Thiruporur SRO, with rates ranging from Rs 400 to Rs 1,600 per sq.ft. The median guideline value in this area is Rs 1,000 per sq.ft, placing New Chennai City Annex I's 2024 figure below that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value is 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, leading to 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 New Chennai City Annex I?

The Sub Registrar Office that covers New Chennai City Annex I is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Nelllikuppam. It is used to determine the stamp duty and registration fees that must be paid, ensuring that all transactions adhere to the legal requirements set forth by the Registration Department.

When a property is sold, the guideline value is considered to ensure that the transaction reflects the official valuation of the property. This helps maintain transparency and legal compliance in property transactions.

Frequently asked questions

What is the current guideline value for New Chennai City Annex I?

The current guideline value for New Chennai City Annex I is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for New Chennai City Annex I has remained at Rs 500 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Nelllikuppam?

The median guideline value for properties in Nelllikuppam is Rs 1,000 per sq.ft. New Chennai City Annex I's guideline value of Rs 500 per sq.ft is below this median.

What are the stamp duty and registration fees for New Chennai City Annex I?

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.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. This office handles registrations for properties in New Chennai City Annex I.