Guideline Value for NEW CHENNAI CITY PHASE V

New Chennai City Phase V guideline value

The current guideline value for New Chennai City Phase V 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 Phase V has changed

According to the guideline value register, the 2024 revision shows a rate of Rs 500 per sq.ft, which is the same as the 2023 revision. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

From the 2023 revision to the 2024 revision, there has been no change, with the guideline value remaining at Rs 500 per sq.ft. This consistency indicates stability in the guideline value for this property over the last two years.

Guideline values in Nelllikuppam

Nelllikuppam has a total of 45 streets under the Thiruporur SRO that carry a 2024 guideline value, 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 Phase V below this median.

• New Chennai City Phase IV: Rs 500 per sq.ft (2024)
• New Chennai City Phase III: 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 V

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, bringing the total to Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Chennai City Phase V?

The Sub Registrar Office that covers New Chennai City Phase V 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 information.

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

The guideline value serves as a reference point for property transactions in Nelllikuppam. It is used to calculate the stamp duty and registration fees when a property is bought or sold, ensuring that the government receives appropriate revenue from property transactions.

When registering a property, buyers and sellers must consider the guideline value to determine the applicable fees. This value helps maintain transparency in property transactions and ensures that the property is assessed fairly based on its location and classification.

Frequently asked questions

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

The current guideline value for New Chennai City Phase V 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 Phase V has remained at Rs 500 per sq.ft from 2023 to 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value for streets in Nelllikuppam?

The median guideline value for streets in Nelllikuppam is Rs 1,000 per sq.ft. New Chennai City Phase V's guideline value is below this median.

What are the stamp duty and registration fees for New Chennai City Phase V?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 45,000, based on the current guideline value of Rs 5,00,000. The stamp duty is charged at 7% and the registration fee at 2%.

Which office handles registrations for New Chennai City Phase V?

The Thiruporur Sub Registrar Office handles registrations for New Chennai City Phase V. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.