Guideline Value for CHANDRA AVENUE

Chandra Avenue guideline value

The current guideline value of Chandra Avenue is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vichoor_B village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chandra Avenue has changed

The guideline value for Chandra Avenue has seen several revisions over the years. In the 2017 revision, the value was set at Rs 268 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for Chandra Avenue in the revisions for the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. Chandra Avenue's 2024 figure of Rs 440 per sq.ft is below this median.

• Chandra Nagar: Rs 440 per sq.ft (2024)
• Bhoobalan Nagar: Rs 330 per sq.ft (2024)
• Eswaran Koil Street: Rs 440 per sq.ft (2024)
• Ezhil Nagar: Rs 485 per sq.ft (2024)
• F D Nagar: Rs 550 per sq.ft (2024)
• Ganapathi Nagar: Rs 485 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 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, leading to a total cost of Rs 39,600. 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 Chandra Avenue?

The Sub Registrar Office that covers Chandra Avenue is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

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

Frequently asked questions

What is the current guideline value of Chandra Avenue?

The current guideline value of Chandra Avenue is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the land classification for Chandra Avenue?

Chandra Avenue is classified as Residential Class I Type - II. This classification can impact the types of developments allowed in the area.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot valued at Rs 4,40,000, the total stamp duty and registration fees would amount to Rs 39,600.

Which office handles registrations for Chandra Avenue?

The Thiruvottiyur Sub Registrar Office handles registrations for Chandra Avenue. It is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.