Guideline Value for WARD NO -4

Ward No -4 guideline value

The current guideline value for Ward No -4 in Chengalpattu Natham village is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Ward No -4 has changed

The guideline value for Ward No -4 has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 1,005 per sq.ft. In 2023, the value increased to Rs 1,500 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value for the area is Rs 2,200 per sq.ft, placing the 2024 figure for Ward No -4 below this median.

• V.P. Singh Nagar: Rs 1,100 per sq.ft (2024)
• Writer Sabapathy Street Ward-4: Rs 1,650 per sq.ft (2024)
• V.O.C Street: Rs 3,850 per sq.ft (2024)
• Vip Nagar: Rs 2,200 per sq.ft (2024)
• Veerabathira Chetty Street- Ward-4: Rs 1,650 per sq.ft (2024)
• Vedhappar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ward No -4

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty, calculated at 7%, would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 more details.

Which Sub Registrar Office covers Ward No -4?

The Sub Registrar Office that covers Ward No -4 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are mandatory for legal transactions. It is essential for both parties to understand the implications of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Ward No -4?

The current guideline value for Ward No -4 in Chengalpattu Natham is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various revisions in between, including a drop to Rs 1,005 per sq.ft in 2017 and an increase to Rs 1,500 per sq.ft in 2023.

What are the other streets in Chengalpattu Natham with their guideline values?

Other streets in Chengalpattu Natham include V.P. Singh Nagar at Rs 1,100 per sq.ft, Writer Sabapathy Street Ward-4 at Rs 1,650 per sq.ft, and V.O.C Street at Rs 3,850 per sq.ft, among others.

How is stamp duty calculated in Ward No -4?

Stamp duty in Ward No -4 is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 1,15,500.

Where can I find the Sub Registrar Office for Ward No -4?

The Sub Registrar Office for Ward No -4 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.