Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

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

₹8250/sq.ft.

The guideline value for West C.i.t. Nagar 4th 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 Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

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

The current guideline value of West C.I.T. Nagar 4th 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, and is classified as Residential Class II Type - I.

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

The guideline value for West C.I.T. Nagar 4th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 7,500 per sq.ft, which decreased to Rs 5,025 per sq.ft in 2017. Following this, the value rose significantly to Rs 7,500 per sq.ft in 2023, and then to Rs 8,250 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Government farm

The Government farm area has 35 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 3,850 to Rs 15,400 per sq.ft. The median value is Rs 8,250 per sq.ft, which is the same as the 2024 guideline value for West C.I.T. Nagar 4th Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value would be 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 to Rs 7,42,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

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

The West C.I.T. Nagar 4th 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 information.

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

The guideline value is a crucial factor when registering property transactions in Government farm. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

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

The current guideline value of West C.I.T. Nagar 4th 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 seen several changes, from Rs 7,500 per sq.ft in 2012 to Rs 5,025 per sq.ft in 2017, followed by Rs 7,500 per sq.ft in 2023, and finally reaching Rs 8,250 per sq.ft in 2024.

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

West C.I.T. Nagar 4th Street is classified as Residential Class II Type - I.

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

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 82,50,000, the stamp duty would be Rs 5,77,500 at 7%.