Guideline Value for CHAKRAPANI ST, GANDHI NAGAR

Chakrapani St, Gandhi Nagar guideline value

The current guideline value of Chakrapani St, Gandhi Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Chakrapani St, Gandhi Nagar has changed

The guideline value for Chakrapani St has undergone several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. However, the value saw a significant increase to Rs 2,000 per sq.ft in 2023, and then further rose to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 10%. The transition from 2017 to 2023 saw a notable rise of 49%, while the period from 2012 to 2017 experienced a decline of 33%. The revisions for the years 2002, 2003, and 2007 have no figures available for Chakrapani St in the register.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, which indicates that Chakrapani St's 2024 figure is below this median.

• Chelliamman Koil St, Gandhi Nagar: Rs 1,980 per sq.ft (2024)
• Chelliamman Koil St, Yasodha Nagar: Rs 1,980 per sq.ft (2024)
• Chelliyamman Koil Street(Sivan Koil Street): Rs 1,980 per sq.ft (2024)
• Boopathi Nagar, Raja Rajeswari Street: Rs 3,300 per sq.ft (2024)
• Boopathi Nagar: Rs 3,300 per sq.ft (2024)
• Boobathi Nagar Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chakrapani St, Gandhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chakrapani St, Gandhi Nagar?

The Sub Registrar Office that covers Chakrapani St, Gandhi Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kilkattalai, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees applicable during the sale or purchase of a property.

When buying or selling property, it is essential to be aware of the guideline value to ensure compliance with legal requirements. The registration process will require the payment of applicable fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Chakrapani St, Gandhi Nagar?

The current guideline value of Chakrapani St, Gandhi Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Chakrapani St?

The land classification for Chakrapani St, Gandhi Nagar is Residential Class I Type - III.

Which Sub Registrar Office should I contact for property registration?

The Pallavaram Sub Registrar Office is responsible for property registration in Chakrapani St, Gandhi Nagar, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.