Guideline Value for CHANDRA AVENUE

Chandra Avenue guideline value

The current guideline value of Chandra Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village, under the Pammal SRO, and is classified as Residential Special Type - I.

How the guideline value of Chandra Avenue has changed

The guideline value for Chandra Avenue has seen significant changes over the years. In the 2017 revision, the guideline value was set at Rs 1,000 per sq.ft. The latest revision in 2024 has increased this value to Rs 1,650 per sq.ft, marking a change of +65% from the previous figure.

It is important to note that the register has no figures for Chandra Avenue for the years 2023, 2012, 2007, 2003, and 2002. Thus, the only revisions available for this street are from 2017 and 2024.

Guideline values in Thandalam

In Thandalam village, there are 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, placing Chandra Avenue's 2024 figure above this median.

• Bharathi Street: Rs 880 per sq.ft (2024)
• Dr.Ambethkar Street: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,210 per sq.ft (2024)
• Anugraha Avenue Extn: Rs 1,210 per sq.ft (2024)
• Anugraha Avenue: Rs 1,210 per sq.ft (2024)
• Anna Nagar (ward 6): Rs 1,210 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total fees together Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, 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 Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Thandalam

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

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 based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Chandra Avenue?

The current guideline value of Chandra Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, which is an increase of +65%.

Are there any revisions with no figures for Chandra Avenue?

Yes, the register has no figures for Chandra Avenue for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Thandalam?

The median guideline value for the 56 streets in Thandalam under the Pammal SRO is Rs 1,210 per sq.ft.

How are stamp duty and registration fees calculated for properties in Chandra Avenue?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a 1,000 sq.ft plot at the current rate, the total fees would be Rs 1,48,500.