Guideline Value for CHANDAR NAGAR PHASE-4

Chandar Nagar Phase-4 guideline value

The current guideline value of Chandar Nagar Phase-4 is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Salavakkam village, under the Salavakkam SRO, and is classified as Residential Class I Type - III.

How the guideline value of Chandar Nagar Phase-4 has changed

The guideline value for Chandar Nagar Phase-4 has remained consistent at Rs 150 per sq.ft since the 2023 revision, which also had the same figure. Prior to that, in the 2017 revision, the guideline value was Rs 100 per sq.ft, reflecting a 50% increase from 2017 to 2023. The 2012 revision also recorded Rs 100 per sq.ft, showing no change from 2012 to 2017.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 50%.

Guideline values in Salavakkam

In Salavakkam village, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value of Chandar Nagar Phase-4 aligns with this median.

• Chandar Nagar Phase-I,II,III: Rs 150 per sq.ft (2024)
• Chetti Street: Rs 126 per sq.ft (2024)
• Chokkamman Street: Rs 150 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 126 per sq.ft (2024)
• Dhanalakshmi Nagar Extension -I: Rs 200 per sq.ft (2024)
• Bazaar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chandar Nagar Phase-4

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. Please 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 Chandar Nagar Phase-4?

The Sub Registrar Office that covers Chandar Nagar Phase-4 is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Salavakkam. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chandar Nagar Phase-4?

The current guideline value of Chandar Nagar Phase-4 is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft since the 2023 revision. It was Rs 100 per sq.ft in 2017 and 2012, showing a 50% increase from 2012 to 2024.

What is the land classification for Chandar Nagar Phase-4?

Chandar Nagar Phase-4 is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for Chandar Nagar Phase-4?

The Sub Registrar Office for Chandar Nagar Phase-4 is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chandar Nagar Phase-4?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For instance, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 10,500.