Guideline Value

Corporate

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

₹9350/sq.ft.

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

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

The current guideline value of West C.I.T. Nagar South Road is Rs 9,350 per sq.ft, effective from 1 July 2024. This street is located in the 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 South Road has changed

The guideline value for West C.I.T. Nagar South Road has undergone several revisions over the years. In 2012, the guideline value was Rs 8,500 per sq.ft. This figure decreased to Rs 5,695 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 8,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 9,350 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Government farm

In the Government farm village, 35 streets under the Chennai South Joint I SRO have 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 South Road is above this median.

Stamp duty and registration fee for property in West C.I.T. Nagar South 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 amount to Rs 6,54,500, and the registration fee at 2% would be Rs 1,87,000, bringing the total cost for these fees to Rs 8,41,500. 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 detailed calculations.

Which Sub Registrar Office covers West C.I.T. Nagar South Road?

The West C.I.T. Nagar South Road 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 an essential factor in the registration process when buying or selling property in Government farm. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of West C.I.T. Nagar South 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 increased 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 South Road?

West C.I.T. Nagar South 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 example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 8,41,500.

Which office handles registrations for West C.I.T. Nagar South Road?

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