Guideline Value for CHANDRA NAGAR

Chandra Nagar guideline value

The current guideline value of Chandra Nagar, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Chandra Nagar has changed

In the 2017 revision, the guideline value for Chandra Nagar was Rs 871 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, indicating that Chandra Nagar's guideline value is below this median.

• Chekkumedu Vania Street: Rs 1,210 per sq.ft (2024)
• Chithra Nagar: Rs 660 per sq.ft (2024)
• Chitra Nagar: Rs 1,210 per sq.ft (2024)
• Boopathy Avenue: Rs 2,420 per sq.ft (2024)
• Boopalan Nagar: Rs 1,210 per sq.ft (2024)
• Church Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty at 7% would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total fees to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chandra Nagar?

The Sub Registrar Office covering Chandra Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a critical factor in the registration process when buying or selling property in Kunrathour-B. It determines the base value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately in the government registry.

When a property is sold, the guideline value serves as a reference point for both the buyer and seller. It is essential to be aware of the current guideline value to understand the financial implications of the transaction, including the fees associated with registration.

Frequently asked questions

What is the current guideline value of Chandra Nagar?

The current guideline value of Chandra Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, marking a total increase of 64% over the seven years.

What is the land classification for Chandra Nagar?

Chandra Nagar is classified as Residential Special Type - II, indicating its designation for residential development.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 14,30,000, with a stamp duty of Rs 1,00,100 and a registration fee of Rs 28,600, totaling Rs 1,28,700.

Which office handles property registrations in Chandra Nagar?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles property registrations for Chandra Nagar.