Guideline Value for TAMIL ISSAI NAGAR PART-I

Tamil Issai Nagar Part-I guideline value

The current guideline value of Tamil Issai Nagar Part-I is Rs 700 per sq.ft. This area is located in Perumattu Nellore village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Tamil Issai Nagar Part-I has changed

The guideline value for Tamil Issai Nagar Part-I has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 700 per sq.ft. In the 2017 revision, the value decreased to Rs 469 per sq.ft, reflecting a change of -33%. However, by the 2023 revision, the value increased to Rs 700 per sq.ft, and it remained unchanged at this rate in the 2024 revision.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 700 per sq.ft. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 700 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,850 per sq.ft. The median value is Rs 700 per sq.ft, which aligns with the guideline value of Tamil Issai Nagar Part-I. Below are other streets in Perumattu Nellore:

• Swathi Nagar: Rs 700 per sq.ft (2024)
• Teacher Sumangali Nagar: Rs 700 per sq.ft (2024)
• Thangappapuram: Rs 700 per sq.ft (2024)
• The Central Govt Staff Cooprative Nagar: Rs 500 per sq.ft (2024)
• Suka Dev Residency: Rs 500 per sq.ft (2024)
• Subamangala Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Tamil Issai Nagar Part-I

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. 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 further calculations.

Which Sub Registrar Office covers Tamil Issai Nagar Part-I?

The Sub Registrar Office that covers Tamil Issai Nagar Part-I 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 Perumattu Nellore

The guideline value is a crucial factor in the registration process when buying or selling property in Perumattu Nellore. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Tamil Issai Nagar Part-I?

The current guideline value of Tamil Issai Nagar Part-I is Rs 700 per sq.ft, as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions showing a value of Rs 700 per sq.ft in both 2023 and 2024. The value was Rs 469 per sq.ft in 2017 and Rs 700 per sq.ft in 2012.

What is the classification of land in Tamil Issai Nagar Part-I?

The land classification for Tamil Issai Nagar Part-I is Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.

How is stamp duty calculated in Tamil Issai Nagar Part-I?

Stamp duty in Tamil Issai Nagar Part-I is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, making it essential to consider these costs when buying property.