Guideline Value for THE CENTRAL GOVT STAFF COOPRATIVE NAGAR

The Central Govt Staff Cooprative Nagar guideline value

The current guideline value of The Central Govt Staff Cooprative Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Perumattu Nellore village under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of The Central Govt Staff Cooprative Nagar has changed

The guideline value for The Central Govt Staff Cooprative Nagar has seen various revisions over the years. The current value of Rs 500 per sq.ft has remained unchanged since the 2023 revision, which also recorded Rs 500 per sq.ft. Prior to that, the 2017 revision set the value at Rs 335 per sq.ft, indicating a significant increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 500 per sq.ft, showing a decrease of 33% from the 2017 figure. The 2007 revision recorded a value of Rs 120 per sq.ft, reflecting a remarkable increase of 317% to the 2012 value.

In summary, from the 2007 revision to the current 2024 revision, the guideline value has increased by 317%. Notably, there are no figures available for the revisions in 2002 and 2003 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, with a median value of Rs 700 per sq.ft. The Central Govt Staff Cooprative Nagar's 2024 figure is below this median.

• Thangappapuram: Rs 700 per sq.ft (2024)
• Teacher Sumangali Nagar: Rs 700 per sq.ft (2024)
• Tamil Issai Nagar Part-I: Rs 700 per sq.ft (2024)
• Swathi Nagar: Rs 700 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 The Central Govt Staff Cooprative Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, while the registration fee at 2% would be Rs 10,000, bringing the total fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers The Central Govt Staff Cooprative Nagar?

The Central Govt Staff Cooprative 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 Perumattu Nellore

The guideline value is a crucial factor when registering property transactions in Perumattu Nellore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions as per the official register. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for The Central Govt Staff Cooprative Nagar?

The current guideline value for The Central Govt Staff Cooprative Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 500 per sq.ft since the 2023 revision, with a significant increase of 49% from Rs 335 per sq.ft in 2017. The value has fluctuated in earlier revisions, including a decrease of 33% from 2017 to 2012.

What is the stamp duty rate for property in The Central Govt Staff Cooprative Nagar?

The stamp duty rate for property transactions in The Central Govt Staff Cooprative Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering The Central Govt Staff Cooprative Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the other streets with guideline values in Perumattu Nellore?

Other streets in Perumattu Nellore include Thangappapuram, Teacher Sumangali Nagar, Tamil Issai Nagar Part-I, Swathi Nagar, Suka Dev Residency, and Subamangala Nagar, with values ranging from Rs 500 to Rs 700 per sq.ft in 2024.