Guideline Value for CHANDRA AVENUE

Chandra Avenue guideline value

The current guideline value of Chandra Avenue in Ponthoor village is Rs 1,206 per sq.ft, effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class II Type - III.

How the guideline value of Chandra Avenue has changed

The guideline value for Chandra Avenue has remained consistent over several revisions. The 2017 revision recorded a value of Rs 1,206 per sq.ft, which was unchanged in the 2023 revision. The most recent 2024 revision also lists the guideline value at Rs 1,206 per sq.ft, indicating no change across these years.

For the years 2002, 2003, 2007, and 2012, the register has no figure for Chandra Avenue. Therefore, the overall change from 2017 to 2024 is 0%.

Guideline values in Ponthoor

In Ponthoor village, there are 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Chandra Avenue's 2024 value above this median.

• Chellasamy Nagar: Rs 300 per sq.ft (2024)
• Bangalore National Highway: Rs 600 per sq.ft (2024)
• Erikkarai Street: Rs 300 per sq.ft (2024)
• Avaram Poo Street: Rs 300 per sq.ft (2024)
• Arket Poo Street: Rs 300 per sq.ft (2024)
• Gayathiri Nagar: Rs 300 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 1,206 per sq.ft, the total guideline value amounts to Rs 12,06,000. The stamp duty at 7% would be Rs 84,420, and the registration fee at 2% would be Rs 24,120, bringing the total to Rs 1,08,540. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chandra Avenue?

The Sub Registrar Office that covers Chandra Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Ponthoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is officially recorded and that the government receives the appropriate revenue. This process is essential for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Chandra Avenue?

The current guideline value of Chandra Avenue is Rs 1,206 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chandra Avenue has remained unchanged at Rs 1,206 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What is the land classification for Chandra Avenue?

Chandra Avenue is classified as Residential Class II Type - III, indicating its designation for residential use within the area.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 12,06,000. The stamp duty at 7% is Rs 84,420, and the registration fee at 2% is Rs 24,120, totaling Rs 1,08,540.

Where is the Sub Registrar Office for Chandra Avenue located?

The Sub Registrar Office covering Chandra Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.