Guideline Value for CHANDRA CITY

Chandra City guideline value

The current guideline value for Chandra City, located in Paruthipattu village under the Avadi SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - IV.

How the guideline value of Chandra City has changed

The guideline value for Chandra City has seen several revisions over the years. In 2007, the guideline value was set at Rs 350 per sq.ft. This figure increased significantly to Rs 1,005 per sq.ft in both the 2017 and 2023 revisions, showing no change during that period. The most recent revision in 2024 saw the guideline value rise to Rs 1,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 214%. Notably, there are no figures available for the years 2002, 2003, and 2012 in the register for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in this village is Rs 1,625 per sq.ft, making the current figure for Chandra City below that median.

• Chandran St: Rs 950 per sq.ft (2024)
• Canopus Magha: Rs 2,750 per sq.ft (2024)
• Chennai Green City: Rs 950 per sq.ft (2024)
• Camp Tonakala Road: Rs 950 per sq.ft (2024)
• Camp Road Reddypalayam: Rs 950 per sq.ft (2024)
• Buddhar Street Kamarajar Nagar: Rs 1,625 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total charges to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandra City?

The Sub Registrar Office that covers Chandra City is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for additional assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Paruthipattu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on a standardized value rather than the negotiated sale price.

When a property is registered, the guideline value is considered to ensure compliance with legal and financial regulations. Buyers and sellers should be aware of these values to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for Chandra City?

The current guideline value for Chandra City is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 350 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking a total increase of 214% over the years.

What is the median guideline value in Paruthipattu?

The median guideline value in Paruthipattu is Rs 1,625 per sq.ft, which is higher than the current value for Chandra City.

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

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Chandra City located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.