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 Vallancheri village and falls under the Chengleput Joint II SRO. The land classification for this locality is 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 guideline value at Rs 1,800 per sq.ft, which was later reduced to Rs 1,206 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to Rs 1,800 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 825 per sq.ft, placing Chamudeeswari Nagar's 2024 figure above that median.

• C.B.S.C Nagar (Val): Rs 880 per sq.ft (2024)
• Bhuvaneswari Amman Nagar (Ward-21): Rs 1,100 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 at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. 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 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. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Vallancheri, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction process.

When a property is sold, the registration office will refer to the guideline value to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

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 from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Chamudeeswari Nagar?

The land classification for Chamudeeswari Nagar (Ward-21) is Residential Special Type - II, indicating its suitability for residential development.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated in Vallancheri?

Stamp duty in Vallancheri is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the correct fees are collected during the registration process.