Guideline Value for CHAMUDEESWARI NAGAR (WARD-21)

Chamudeeswari Nagar (Ward-21) guideline value

The current guideline value of Chamudeeswari Nagar (Ward-21) is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Konathi village and falls under the Chengleput Joint II SRO, with a land classification of Residential Special Type - II.

How the guideline value of Chamudeeswari Nagar (Ward-21) has changed

Over the years, the guideline value of Chamudeeswari Nagar has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision has further raised it to Rs 1,980 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. Between 2017 and 2023, there was a significant increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Chamudeeswari Nagar's 2024 figure above this median.

• C.B.S.C Nagar (Val): Rs 880 per sq.ft (2024)
• Bhuvaneswari Amman Nagar (Ward-21): Rs 660 per sq.ft (2024)
• Bharathi Street (Ward-21): Rs 660 per sq.ft (2024)
• Bharathiar Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Bhagatsingh Street (Ward-21): Rs 660 per sq.ft (2024)
• Bhaarathidasan Street (Ward-20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Chamudeeswari Nagar (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration fees would be Rs 1,78,200. 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 Chamudeeswari Nagar (Ward-21)?

The Sub Registrar Office that covers Chamudeeswari Nagar (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Konathi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are charged on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Chamudeeswari Nagar (Ward-21)?

The current guideline value of Chamudeeswari Nagar (Ward-21) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 increasing it to Rs 1,980 per sq.ft from Rs 1,800 per sq.ft in 2023. The value was Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at 7%, and the registration fee would be Rs 39,600 at 2%, totaling Rs 1,78,200. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Chamudeeswari Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Chamudeeswari Nagar (Ward-21). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification of Chamudeeswari Nagar?

Chamudeeswari Nagar is classified as Residential Special Type - II, indicating its designation for residential purposes within the area.