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Guideline Value

Corporate

Guideline Value for SHANTHI NAGAR (KOD)

₹551/sq.ft.

The guideline value for Shanthi Nagar (kod) in Kadampur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 551 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kadampur

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹551 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Shanthi Nagar (kod)

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Shanthi Nagar (Kod) guideline value

The current guideline value of Shanthi Nagar (Kod) is Rs 551 per sq.ft, effective from 1 July 2024. This area is located in Kadampur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Shanthi Nagar (Kod) has changed

In the 2012 revision, the guideline value was Rs 500 per sq.ft. This value decreased to Rs 335 per sq.ft in the 2017 revision, representing a decline of 33%. However, in the following revisions, the value increased significantly. In the 2023 revision, it rose to Rs 500 per sq.ft, and then further increased to Rs 551 per sq.ft in the 2024 revision, marking an overall increase of 10% from the 2012 figure.

Between the 2017 and 2023 revisions, the guideline value saw a substantial increase of 49%. The 2024 figure of Rs 551 per sq.ft is notable as it aligns with the median guideline value for Kadampur, which ranges from Rs 385 to Rs 2,200 per sq.ft across 44 streets under the Chengleput Joint II SRO. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

The guideline values in Kadampur show a range of Rs 385 to Rs 2,200 per sq.ft, with the median value being Rs 551 per sq.ft. Shanthi Nagar (Kod) has a 2024 guideline value that matches this median.

Stamp duty and registration fee for property in Shanthi Nagar (Kod)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value amounts to Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, bringing the total fees together to Rs 49,590. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanthi Nagar (Kod)?

The Sub Registrar Office that covers Shanthi Nagar (Kod) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kadampur. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with legal requirements during the transaction process.

When purchasing property, the guideline value is used to assess the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Shanthi Nagar (Kod)?

The current guideline value of Shanthi Nagar (Kod) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification of Shanthi Nagar (Kod)?

Shanthi Nagar (Kod) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Shanthi Nagar (Kod)?

The Sub Registrar Office for Shanthi Nagar (Kod) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property transactions in Shanthi Nagar (Kod)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,51,000, the stamp duty would be Rs 38,570 at 7%.