Guideline Value for Sri Desikan Nagar
₹900/sq.ft.
The guideline value for Sri Desikan 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 | ₹225 /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]
Records for a plot on Sri Desikan Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Chengleput Joint Ii sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Desikan Nagar guideline value
The current guideline value for Sri Desikan Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Chettipunniyam village under the Chengleput Joint II SRO, classified as Residential Class I Type - I.
How the guideline value of Sri Desikan Nagar has changed
Over the years, the guideline value of Sri Desikan Nagar has seen several revisions. The 2007 revision set the value at Rs 225 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision. However, the value dropped to Rs 603 per sq.ft in 2017, before stabilizing again at Rs 900 per sq.ft in both the 2023 and 2024 revisions. The register has no figures for the years 2002 and 2003 for this street.
From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. The substantial jump from 2007 to 2012 was an increase of 300%. Overall, from 2007 to 2024, the guideline value has risen by 300%.
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, with a median value of Rs 900 per sq.ft. The guideline value for Sri Desikan Nagar aligns with this median.
- Sri Devanathan Nagar: Rs 900 per sq.ft (2024)
- Sri Ganapathi Nagar: Rs 1,200 per sq.ft (2024)
- Sri Ganapathy Nagar Extension-II: Rs 1,200 per sq.ft (2024)
- Sri Hayagrivar Nagar Phase 3: Rs 900 per sq.ft (2024)
- Sri Hayagrivar Nagar Phase 5: Rs 900 per sq.ft (2024)
- Sri Ambujammal Nagar: Rs 900 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Desikan 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, bringing the total fees to Rs 81,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Sri Desikan Nagar?
Sri Desikan Nagar 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 information.
How the guideline value is used when you buy or sell in Chettipunniyam
The guideline value is a crucial factor during the registration of property transactions in Chettipunniyam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.
When a property is registered, the guideline value is used to calculate the applicable taxes and fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. Understanding the guideline value helps in making informed decisions during property dealings.
Frequently asked questions
What is the current guideline value for Sri Desikan Nagar?
The current guideline value for Sri Desikan 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 experienced various changes, from Rs 225 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then dropping to Rs 603 per sq.ft in 2017, and stabilizing at Rs 900 per sq.ft in both 2023 and 2024.
What are the stamp duty and registration fees for properties in Sri Desikan Nagar?
For a 1,000 sq.ft plot, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000, based on the guideline value of Rs 9,00,000.
Which Sub Registrar Office handles registrations for Sri Desikan Nagar?
The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, handles registrations for Sri Desikan Nagar.
What is the median guideline value for streets in Chettipunniyam?
The median guideline value for streets in Chettipunniyam is Rs 900 per sq.ft, with values ranging from Rs 700 to Rs 4,750 per sq.ft in 2024.
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