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Guideline Value

Corporate

Guideline Value for SHREE NAGAR EXTN (WARD -9)

₹551/sq.ft.

The guideline value for Shree Nagar Extn (ward -9) 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 Shree Nagar Extn (ward -9)

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Shree Nagar Extn (Ward -9) guideline value

The current guideline value of Shree Nagar Extn (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This area is located in Kadampur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Shree Nagar Extn (Ward -9) has changed

The guideline value for Shree Nagar Extn (Ward -9) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease of 33%, bringing the value down to Rs 335 per sq.ft. The value increased again in the 2023 revision to Rs 500 per sq.ft, and the latest 2024 revision raised it to Rs 551 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The 2017 revision, which was the lowest at Rs 335 per sq.ft, experienced significant growth of 49% by the 2023 revision. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kadampur

In Kadampur, there are 44 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 385 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 551 per sq.ft, which is equal to the current value of Shree Nagar Extn (Ward -9).

Stamp duty and registration fee for property in Shree Nagar Extn (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty, charged at 7%, would amount to Rs 38,570, while the registration fee at 2% would be Rs 11,020. Together, the total charges would be Rs 49,590. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator to estimate your costs.

Which Sub Registrar Office covers Shree Nagar Extn (Ward -9)?

The Sub Registrar Office that covers Shree Nagar Extn (Ward -9) is 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 Kadampur

The guideline value is a crucial factor in the registration process when buying or selling property in Kadampur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on current market conditions.

Frequently asked questions

What is the current guideline value of Shree Nagar Extn (Ward -9)?

The current guideline value of Shree Nagar Extn (Ward -9) 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 for Shree Nagar Extn (Ward -9)?

The land classification for Shree Nagar Extn (Ward -9) is Residential Class I Type - I.

Which office handles registrations for Shree Nagar Extn (Ward -9)?

The Chengleput Joint II Sub Registrar Office handles registrations for Shree Nagar Extn (Ward -9), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Shree Nagar Extn (Ward -9)?

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