Guideline Value for NEW CHENNAI CITY ANNEX

New Chennai City Annex guideline value

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

How the guideline value of New Chennai City Annex has changed

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

From 2023 to 2024, there has been no change in the guideline value, with a percentage change of +0%. This stability indicates that the value has not fluctuated in the last two revisions.

Guideline values in Nelllikuppam

Nelllikuppam has 45 streets under the Thiruporur SRO, with guideline values ranging from Rs 400 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing New Chennai City Annex's 2024 figure below that median.

• New Chennai City: 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 IV Annex: 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 Chennai City Annex

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to 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, totaling 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?

The New Chennai City Annex is covered by 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 is a crucial factor in the registration process of property transactions in Nelllikuppam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price.

When buying or selling property, the guideline value helps in determining the legal obligations related to registration. Buyers and sellers must be aware of this value to accurately assess the financial implications of their transactions.

Frequently asked questions

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

The current guideline value for New Chennai City Annex 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 has remained at Rs 500 per sq.ft since the 2023 revision, with no figures available for the revisions prior to that from 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Nelllikuppam?

The median guideline value for the 45 streets in Nelllikuppam is Rs 1,000 per sq.ft, with New Chennai City Annex's value being below this median.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for New Chennai City Annex located?

The Sub Registrar Office covering New Chennai City Annex is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.