Guideline Value for NEW ELECTRONIC CITY

New Electronic City guideline value

The current guideline value of New Electronic City, located in Thenneri village under the Walajabad SRO, is Rs 374 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of New Electronic City has changed

The guideline value for New Electronic City has remained consistent over recent revisions. In the 2023 revision, the value was Rs 374 per sq.ft, and this figure has not changed in the 2024 revision, which also stands at Rs 374 per sq.ft. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

As a result, the change between the 2023 and 2024 revisions is +0%. This stability indicates that the guideline value has not fluctuated in the last two years.

Guideline values in Thenneri

In Thenneri village, there are four streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 374 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing New Electronic City above this median.

• Royal City: Rs 250 per sq.ft (2024)
• Selvi Nagar: Rs 250 per sq.ft (2024)
• Vivekanandha Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in New Electronic City

For a 1,000 sq.ft plot at the current rate of Rs 374 per sq.ft, the guideline value would be Rs 3,74,000. The stamp duty at 7% would amount to Rs 26,180, and the registration fee at 2% would be Rs 7,480, bringing the total to Rs 33,660. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Electronic City?

The New Electronic City is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Thenneri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of New Electronic City?

The current guideline value of New Electronic City is Rs 374 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained steady at Rs 374 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 are the guideline values of other streets in Thenneri?

Other streets in Thenneri include Royal City, Selvi Nagar, and Vivekanandha Nagar, all of which have a 2024 guideline value of Rs 250 per sq.ft. New Electronic City has a higher guideline value than these streets.

What fees are associated with property registration in New Electronic City?

The fees associated with property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 33,660.

Where can I find the Sub Registrar Office for New Electronic City?

The Walajabad Sub Registrar Office covers New Electronic City and is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information by visiting the appropriate links.