Guideline Value for CHAITHANAI NAGAR

Chaithanai Nagar guideline value

The current guideline value of Chaithanai Nagar is Rs 400 per sq.ft. This area is located in Sirukadal village and falls under the Tiruvallur Joint 1 SRO. The land classification for this region is Residential Class I Type - III.

How the guideline value of Chaithanai Nagar has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the guideline value increased to Rs 400 per sq.ft, resulting in an overall change of 0% from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

From 2017 to 2023, the guideline value saw a significant increase of 49%, returning to the 2012 level. This fluctuation highlights the variations in property valuation over the years in Chaithanai Nagar.

Guideline values in Sirukadal

Currently, there are no specific village figures available for Sirukadal. Chaithanai Nagar is one of the streets in this area, and there are no other streets listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Chaithanai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty is charged at 7%, totaling Rs 28,000, while the registration fee is 2%, amounting to Rs 8,000. Together, the total fees come to Rs 36,000. It is important to note that the 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 Chaithanai Nagar?

The Sub Registrar Office that covers Chaithanai Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sirukadal. It serves as the benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

When a property transaction occurs, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, which are mandatory for legal ownership transfer.

Frequently asked questions

What is the current guideline value of Chaithanai Nagar?

The current guideline value of Chaithanai Nagar is Rs 400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, decreasing to Rs 268 per sq.ft in 2017 and then returning to Rs 400 per sq.ft in 2023. The overall change from 2012 to 2023 is 0%.

What are the stamp duty and registration fees for a property in Chaithanai Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Chaithanai Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Chaithanai Nagar. It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Sirukadal with guideline values?

Currently, there are no other streets listed in Sirukadal under the Tiruvallur Joint 1 SRO, aside from Chaithanai Nagar.