Guideline Value

Corporate

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

₹9350/sq.ft.

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

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

The current guideline value of West C.I.T. Nagar West Road is Rs 9,350 per sq.ft, effective from 1 July 2024. This street is located in Government farm village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class I Type - I.

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

The guideline value for West C.I.T. Nagar West Road has undergone several revisions over the years. In 2012, the value was set at Rs 8,500 per sq.ft, which then decreased to Rs 5,695 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 8,500 per sq.ft in 2023, and then further rose to Rs 9,350 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%, while the decrease from 2012 to 2017 was 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median value for these streets is Rs 8,250 per sq.ft, placing West C.I.T. Nagar West Road's 2024 figure above that median.

Stamp duty and registration fee for property in West C.I.T. Nagar West 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, while the registration fee at 2% would be Rs 1,87,000. The total cost for stamp duty and registration would be 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 West Road?

The Sub Registrar Office that covers West C.I.T. Nagar West 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 when buying or selling property in Government farm. It serves as a benchmark for determining the stamp duty and registration fees applicable on the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the 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 West Road?

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

The land classification for West C.I.T. Nagar West Road is 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 West 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.

How is the 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 93,50,000, the stamp duty would be Rs 6,54,500 at a rate of 7%.