Guideline Value for CHANDRA AVENUE

Chandra Avenue guideline value

The current guideline value of Chandra Avenue is Rs 3,000 per sq.ft. This street is located in Puthupakkam village, under the Thiruporur SRO, and is classified as Mixed Type - III land.

How the guideline value of Chandra Avenue has changed

In the 2017 revision, the guideline value was set at Rs 2,010 per sq.ft. This figure remained unchanged in the revisions for the years 2002, 2003, 2007, and 2012, as the register has no figure for this street in those years. The most recent revision in 2023 saw an increase to Rs 3,000 per sq.ft, marking a significant rise of 49% from the 2017 figure.

The guideline value has experienced a notable change from the 2017 revision to the current 2023 value. The increase from Rs 2,010 to Rs 3,000 reflects the adjustments made in the 2023 revision, while there are no figures available for the 2024 revision as of now.

Guideline values in Puthupakkam

Currently, there are no specific village figures available for Puthupakkam. Chandra Avenue's guideline value stands at Rs 3,000 per sq.ft. There are no other streets in Puthupakkam under the Thiruporur SRO provided in the available data.

Stamp duty and registration fee for property in Chandra Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total fees to Rs 2,70,000. 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 Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your local SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthupakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's worth as determined by the current guideline value.

Frequently asked questions

What is the current guideline value of Chandra Avenue?

The current guideline value of Chandra Avenue is Rs 3,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 2,010 per sq.ft to Rs 3,000 per sq.ft, representing a rise of 49%.

Are there guideline values available for earlier revisions?

There are no guideline values available for the revisions in 2002, 2003, 2007, and 2012 for Chandra Avenue. The only available figures are from the 2017 and 2023 revisions.

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

For a property valued at Rs 30,00,000, the stamp duty would be Rs 2,10,000 and the registration fee would be Rs 60,000, totaling Rs 2,70,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chandra Avenue located?

The Sub Registrar Office covering Chandra Avenue is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.