Guideline Value for CHAKARAPANI MUDALI NAGAR

Chakarapani Mudali Nagar guideline value

The current guideline value of Chakarapani Mudali Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Thirumazhisai village under the Poonamallee SRO, classified as Commercial Special Type - I.

How the guideline value of Chakarapani Mudali Nagar has changed

Since the 2012 revision, the guideline value has seen several changes. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,320 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value increased by 10%.

Guideline values in Thirumazhisai

In Thirumazhisai, there are 86 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 730 to Rs 3,500 per sq.ft, with a median value of Rs 1,320 per sq.ft. Chakarapani Mudali Nagar's 2024 figure matches this median.

• choice Golden paradise: Rs 1,320 per sq.ft (2024)
• Bharathi nagar vistharippu: Rs 1,100 per sq.ft (2024)
• C.R.Garden: Rs 2,475 per sq.ft (2024)
• Bharathi nagar: Rs 1,100 per sq.ft (2024)
• Balaji nagar (140,143,144/1,98,100): Rs 1,100 per sq.ft (2024)
• Balajinagar 100/1,100/2A: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chakarapani Mudali Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chakarapani Mudali Nagar?

The Sub Registrar Office that covers Chakarapani Mudali Nagar is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumazhisai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on the property's assessed value rather than the sale price alone.

When a property is registered, the guideline value helps in determining the official value of the property, which is essential for legal and financial transactions. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chakarapani Mudali Nagar?

The current guideline value of Chakarapani Mudali Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Chakarapani Mudali Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,18,800, which includes a stamp duty of Rs 92,400 and a registration fee of Rs 26,400.

Which office handles property registrations in Chakarapani Mudali Nagar?

The Poonamallee Sub Registrar Office handles property registrations in Chakarapani Mudali Nagar, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification of Chakarapani Mudali Nagar?

Chakarapani Mudali Nagar is classified as Commercial Special Type - I, indicating its suitability for commercial activities.