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Guideline Value

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Guideline Value for WEST C.I.T. NAGAR 4TH CROSS STREET

₹8250/sq.ft.

The guideline value for West C.i.t. Nagar 4th Cross Street in Government Farm village (Chennai South Joint I SRO, Chennai zone) is Rs 8250 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Government Farm

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹8250 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5025 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7500 /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 4th Cross Street

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West C.I.T. Nagar 4th Cross Street guideline value

The current guideline value of West C.I.T. Nagar 4th Cross Street is Rs 8,250 per sq.ft, effective from 1 July 2024. This street is located in the Government farm village, under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of West C.I.T. Nagar 4th Cross Street has changed

The guideline value for West C.I.T. Nagar 4th Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 7,500 per sq.ft. This figure changed to Rs 5,025 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 7,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 8,250 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Government farm

In the Government farm village, 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. The median value among these streets is Rs 8,250 per sq.ft, which is equal to the guideline value of West C.I.T. Nagar 4th Cross Street.

Stamp duty and registration fee for property in West C.I.T. Nagar 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value amounts to Rs 82,50,000. The stamp duty at 7% would be Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, bringing the total charges to Rs 7,42,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers West C.I.T. Nagar 4th Cross Street?

The West C.I.T. Nagar 4th Cross Street falls under 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 an essential factor in the registration process when buying or selling property in Government farm. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of West C.I.T. Nagar 4th Cross Street?

The current guideline value of West C.I.T. Nagar 4th Cross Street is Rs 8,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 7,500 per sq.ft in 2012 to Rs 5,025 per sq.ft in 2017, then increased to Rs 7,500 per sq.ft in 2023, and finally to Rs 8,250 per sq.ft in 2024.

What is the stamp duty for a property in West C.I.T. Nagar 4th Cross Street?

The stamp duty for a property in West C.I.T. Nagar 4th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for West C.I.T. Nagar 4th Cross Street located?

The Sub Registrar Office for West C.I.T. Nagar 4th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for West C.I.T. Nagar 4th Cross Street?

The land classification for West C.I.T. Nagar 4th Cross Street is Residential Class II Type - I.