Guideline Value for The chennai newcity EXTN

The chennai newcity EXTN guideline value

The current guideline value of The chennai newcity EXTN is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in 5. Athipattu village under the Konnur SRO and is classified as Residential Class I Type - II.

How the guideline value of The chennai newcity EXTN has changed

The guideline value for The chennai newcity EXTN has seen several revisions over the years. In 2017, the value was Rs 1,340 per sq.ft, which increased to Rs 2,000 per sq.ft in 2023. The most recent revision in 2024 raised the value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and the overall change from 2017 to 2024 is a significant 64%. These changes reflect the evolving property landscape in the area.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for The chennai newcity EXTN is equal to this median.

• The Chennai New City: Rs 1,600 per sq.ft (2024)
• Tharangini Appartment: Rs 3,600 per sq.ft (2024)
• Thamarai Street: Rs 2,200 per sq.ft (2024)
• Thamarabarani Street(ICF): Rs 2,400 per sq.ft (2024)
• Thirumalai Nagar: Rs 1,300 per sq.ft (2024)
• Tamilnadu small scale Industries Owners Assn. Layout: Rs 3,601 per sq.ft (2024)

Stamp duty and registration fee for property in The chennai newcity EXTN

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers The chennai newcity EXTN?

The Sub Registrar Office covering The chennai newcity EXTN is the Konnur Sub Registrar Office, located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a critical factor in property transactions in 5. Athipattu, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of The chennai newcity EXTN?

The current guideline value of The chennai newcity EXTN is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the registration office for The chennai newcity EXTN?

The registration office for The chennai newcity EXTN is the Konnur Sub Registrar Office, located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in 5. Athipattu?

Stamp duty for properties in 5. Athipattu is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the correct amount is paid during the registration process.

What is the range of guideline values in 5. Athipattu?

The guideline values in 5. Athipattu range from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft, which is the same as the guideline value for The chennai newcity EXTN.