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Guideline Value

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Guideline Value for WEST C.I.T. NAGAR 3RD MAIN ROAD

₹9350/sq.ft.

The guideline value for West C.i.t. Nagar 3rd Main Road in Government Farm village (Chennai South Joint I SRO, Chennai zone) is Rs 9350 per sq.ft, effective 1 July 2024. It was Rs 8500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Government Farm

Village

Chennai South Joint I

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹9350 /sq.ft.
From 1-4-2023 ₹8500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5695 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on West C.i.t. Nagar 3rd Main Road

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West C.I.T. Nagar 3rd Main Road guideline value

The current guideline value of West C.I.T. Nagar 3rd Main Road is Rs 9,350 per sq.ft, effective from 1 July 2024. This property is located in Government farm village under the Chennai South Joint I SRO, classified as Residential Class I Type - I.

How the guideline value of West C.I.T. Nagar 3rd Main Road has changed

The guideline value has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 9,350 per sq.ft, which is an increase from Rs 8,500 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 5,695 per sq.ft, which shows a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 8,500 per sq.ft, but this was a decrease of 33% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Government farm

In Government farm, there are 35 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,850 to Rs 15,400 per sq.ft, with a median value of Rs 8,250 per sq.ft. The guideline value of West C.I.T. Nagar 3rd Main Road is above this median.

Stamp duty and registration fee for property in West C.I.T. Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,350 per sq.ft, the total guideline value amounts to Rs 93,50,000. The stamp duty at 7% would be Rs 6,54,500, and the registration fee at 2% would be Rs 1,87,000, making the total cost for these fees Rs 8,41,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers West C.I.T. Nagar 3rd Main Road?

The Sub Registrar Office that covers West C.I.T. Nagar 3rd Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Government farm

The guideline value is a crucial factor in the registration process for property transactions in Government farm. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded officially and that the appropriate taxes are collected. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of West C.I.T. Nagar 3rd Main Road?

The current guideline value of West C.I.T. Nagar 3rd Main Road is Rs 9,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,500 per sq.ft in 2023 to Rs 9,350 per sq.ft in 2024, which is a 10% increase. It was Rs 5,695 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the classification of land in West C.I.T. Nagar 3rd Main Road?

West C.I.T. Nagar 3rd Main Road is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 8,41,500.

Which office handles the registration for West C.I.T. Nagar 3rd Main Road?

The Chennai South Joint I Sub Registrar Office handles the registration for West C.I.T. Nagar 3rd Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.