Guideline Value for NEW CHENNAI CITY PHASE - I

New Chennai City Phase - I guideline value

The current guideline value for New Chennai City Phase - I is Rs 670 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village, under the jurisdiction of the Gooduvancheri SRO, and is classified as Residential Class II Type - II.

How the guideline value of New Chennai City Phase - I has changed

The guideline value for New Chennai City Phase - I has remained consistent over the years. In the 2017 revision, the value was Rs 670 per sq.ft, which was unchanged in the subsequent revisions of 2023 and 2024, also at Rs 670 per sq.ft. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, there has been no change in the guideline value, maintaining a steady rate of Rs 670 per sq.ft throughout these years.

Guideline values in Kavanur

Kavanur village has a range of guideline values across its 109 streets under the Gooduvancheri SRO, with values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value in this area is Rs 800 per sq.ft, placing the New Chennai City Phase - I guideline value below this median.

• NEW Chennai City: Rs 800 per sq.ft (2024)
• Nehru Nagar: Rs 800 per sq.ft (2024)
• Nedunsalai Thittam Nagar-6: Rs 800 per sq.ft (2024)
• Padavattamman Koil Street: Rs 747 per sq.ft (2024)
• Nachiar Avenue: Rs 1,000 per sq.ft (2024)
• Parameshwari Amman Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in New Chennai City Phase - I

For a 1,000 sq.ft plot at the current guideline value of Rs 670 per sq.ft, the total guideline value amounts to Rs 6,70,000. The stamp duty at 7% would be Rs 46,900, and the registration fee at 2% would be Rs 13,400, bringing the total fees to Rs 60,300. 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 Phase - I?

The New Chennai City Phase - I is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kavanur. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during the property registration.

When a property is registered, the guideline value is used to determine the applicable fees, ensuring that the transaction is recorded accurately in accordance with the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value for New Chennai City Phase - I is Rs 670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 670 per sq.ft from 2017 through 2024. There are also no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the median guideline value in Kavanur?

The median guideline value in Kavanur is Rs 800 per sq.ft, with New Chennai City Phase - I's current guideline value being below this median.

What are the stamp duty and registration fees for a property in New Chennai City Phase - I?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,70,000. The stamp duty is Rs 46,900, and the registration fee is Rs 13,400, totaling Rs 60,300.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.