Guideline Value for CHANDRA AVENUE

Chandra Avenue guideline value

The current guideline value of Chandra Avenue is Rs 1,095 per sq.ft, effective from 1 July 2024. This street is located in Chembarambakkam village, under the Poonamallee SRO, classified as Industries Type - III.

How the guideline value of Chandra Avenue has changed

The guideline value for Chandra Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,095 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,000 per sq.ft. Prior to 2023, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the only available figures for Chandra Avenue are from the 2023 and 2024 revisions. The increase from 2023 to 2024 reflects a notable adjustment in the guideline value.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Chandra Avenue's 2024 figure below this median.

• Chennai Bangalore National Highway: Rs 2,750 per sq.ft (2024)
• Ekavalli Nagar: Rs 878 per sq.ft (2024)
• Eternity: Rs 2,800 per sq.ft (2024)
• Eternity Phase II: Rs 2,800 per sq.ft (2024)
• Athukkal Street: Rs 878 per sq.ft (2024)
• Athukal Street Grama Street (Or) Vellala Street Amman Koil St S.No.98: Rs 878 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,095 per sq.ft, the total guideline value amounts to Rs 10,95,000. The stamp duty at 7% would be Rs 76,650, and the registration fee at 2% would be Rs 21,900, bringing the total cost to Rs 98,550. 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 Chandra Avenue?

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

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

The guideline value is a crucial factor during the registration of property transactions in Chembarambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Chandra Avenue?

The current guideline value of Chandra Avenue is Rs 1,095 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chandra Avenue has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,095 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Chembarambakkam?

The median guideline value for streets in Chembarambakkam is Rs 1,100 per sq.ft for the year 2024. Chandra Avenue's guideline value is below this median.

What are the stamp duty and registration fees for properties in Chandra Avenue?

The stamp duty for a property in Chandra Avenue is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total costs amount to Rs 98,550, including both fees.

Where is the Sub Registrar Office for Chandra Avenue located?

The Poonamallee Sub Registrar Office, which covers Chandra Avenue, is located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.