Guideline Value for SHREE DESIKAR NAGAR EXTENSION

Shree Desikar Nagar Extension guideline value

The current guideline value of Shree Desikar Nagar Extension is Rs 900 per sq.ft. This area is located in Chettipunniyam village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Shree Desikar Nagar Extension has changed

According to the guideline value register, there have been no figures recorded for Shree Desikar Nagar Extension in the revisions from 2002, 2003, 2007, 2012, and 2017. The guideline value was set at Rs 900 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

The 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 900 per sq.ft, which is consistent with the previous year's figure. This stability suggests that the guideline value has remained unchanged over the last two revisions.

Guideline values in Chettipunniyam

In Chettipunniyam, there are 47 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 4,750 per sq.ft. The median guideline value for these streets is Rs 900 per sq.ft, which is equal to the guideline value of Shree Desikar Nagar Extension.

• Sibee Avenue: Rs 700 per sq.ft (2024)
• Sivagami Nagar: Rs 700 per sq.ft (2024)
• Senthi Nagar: Rs 700 per sq.ft (2024)
• Selvaganapthi Nagar: Rs 700 per sq.ft (2024)
• Sowbagya Housing Co operative Mega Nagar: Rs 900 per sq.ft (2024)
• Sehaj Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Shree Desikar Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shree Desikar Nagar Extension?

The Shree Desikar Nagar Extension falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chettipunniyam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted fairly and transparently.

When a buyer or seller approaches the Sub Registrar Office, the guideline value will be referenced to calculate the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized value rather than fluctuating market prices.

Frequently asked questions

What is the current guideline value of Shree Desikar Nagar Extension?

The current guideline value of Shree Desikar Nagar Extension is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 900 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000. This is calculated based on the guideline value.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details about the office through the provided link.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property, ensuring that the stamp duty and registration fees are calculated fairly. It acts as a standard reference point for property transactions in the area.