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Guideline Value

Corporate

Guideline Value for Sowbagya Housing Co operative Mega Nagar

₹900/sq.ft.

The guideline value for Sowbagya Housing Co Operative Mega Nagar in Chettipunniyam village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 900 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Chettipunniyam

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹900 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹599 /sq.ft.
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 Sowbagya Housing Co Operative Mega Nagar

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Sowbagya Housing Co operative Mega Nagar guideline value

The current guideline value of Sowbagya Housing Co operative Mega Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This property is located in Chettipunniyam village and falls under the Chengleput Joint II SRO with a land classification of Residential Class I Type - I.

How the guideline value of Sowbagya Housing Co operative Mega Nagar has changed

The guideline value for this area has undergone several revisions over the years. In 2007, the guideline value was Rs 599 per sq.ft, which increased to Rs 900 per sq.ft in 2012, marking a 50% rise. However, from 2012 to 2017, it decreased by 33% to Rs 603 per sq.ft. The value then saw a significant increase of 49% to Rs 900 per sq.ft in 2023, remaining unchanged at Rs 900 per sq.ft in the 2024 revision.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 50%.

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 value is Rs 900 per sq.ft, which is equal to the current guideline value of Sowbagya Housing Co operative Mega Nagar.

Stamp duty and registration fee for property in Sowbagya Housing Co operative Mega Nagar

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, making the total fee Rs 81,000. Please 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 Sowbagya Housing Co operative Mega Nagar?

The Sub Registrar Office that covers Sowbagya Housing Co operative Mega Nagar 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chettipunniyam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is sold, the guideline value is checked to ascertain the applicable taxes. If the sale price is higher than the guideline value, the duty is charged based on the sale price; otherwise, it is based on the guideline value.

Frequently asked questions

What is the current guideline value of Sowbagya Housing Co operative Mega Nagar?

The current guideline value of Sowbagya Housing Co operative Mega Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the value at Rs 900 per sq.ft. The value increased from Rs 603 per sq.ft in 2017 to Rs 900 per sq.ft in 2023, reflecting a 49% rise.

What are the other streets in Chettipunniyam with their guideline values?

Other streets in Chettipunniyam include Sree Desikar Nagar Extension Phase-2 at Rs 700 per sq.ft, Sri Ambujammal Nagar at Rs 900 per sq.ft, and several others ranging from Rs 700 to Rs 900 per sq.ft.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 9,00,000, the total fees would amount to Rs 81,000.

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details on how to locate your SRO.