Guideline Value for NEW CHENNAI CITY PHASE IV

New Chennai City Phase IV guideline value

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

How the guideline value of New Chennai City Phase IV has changed

The guideline value for New Chennai City Phase IV has remained consistent at Rs 500 per sq.ft from the 2023 revision to the 2024 revision, showing a change of +0%. Prior to this, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2024 revision, the guideline value is Rs 500 per sq.ft, the same as in the 2023 revision. There were no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street, indicating a lack of change in the recorded values over those years.

Guideline values in Nelllikuppam

In Nelllikuppam, there are 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 Chennai City Phase IV is below this median.

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

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

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 at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost to 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers New Chennai City Phase IV?

The New Chennai City Phase IV 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 information.

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 determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

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

The current guideline value for New Chennai City Phase IV 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 from the 2023 revision to the 2024 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the classification of land in New Chennai City Phase IV?

The land classification for New Chennai City Phase IV is Residential Special Type - II.

What are the stamp duty rates applicable in New Chennai City Phase IV?

The stamp duty rate applicable in New Chennai City Phase IV is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for New Chennai City Phase IV?

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