Guideline Value

Corporate

Guideline Value for WEST C.I.T. NAGAR EAST ROAD

₹9350/sq.ft.

The guideline value for West C.i.t. Nagar East 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 East Road

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West C.I.T. Nagar East Road guideline value

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

How the guideline value of West C.I.T. Nagar East Road has changed

Over the years, the guideline value for West C.I.T. Nagar East Road has seen several revisions. The 2012 revision set the value at Rs 8,500 per sq.ft, which was followed by a decrease to Rs 5,695 per sq.ft in the 2017 revision. However, this value increased significantly to Rs 8,500 per sq.ft in the 2023 revision and further rose to the current rate of Rs 9,350 per sq.ft in the 2024 revision.

The changes between these revisions are noteworthy. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Government farm

In Government farm village, there are 35 streets that carry a guideline value for 2024, ranging from Rs 3,850 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 8,250 per sq.ft, placing West C.I.T. Nagar East Road's current value above the median.

Stamp duty and registration fee for property in West C.I.T. Nagar East Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,350 per sq.ft, the total guideline value would be 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, bringing the total to Rs 8,41,500. It is important to note that 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 West C.I.T. Nagar East Road?

The Sub Registrar Office that covers West C.I.T. Nagar East 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 critical factor 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. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the guideline value is used to calculate the necessary fees. This ensures that both parties are aware of the financial implications of the transaction, based on the established rates for the area.

Frequently asked questions

What is the current guideline value of West C.I.T. Nagar East Road?

The current guideline value of West C.I.T. Nagar East 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 2012 to Rs 5,695 per sq.ft in 2017, then back to Rs 8,500 per sq.ft in 2023, and finally to Rs 9,350 per sq.ft in 2024.

What is the land classification for West C.I.T. Nagar East Road?

West C.I.T. Nagar East Road is classified as Residential Class I Type - I.

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

The Sub Registrar Office for West C.I.T. Nagar East 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.

What are the stamp duty and registration fees based on the guideline value?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a property valued at Rs 93,50,000, the total fees would amount to Rs 8,41,500.