Guideline Value for CHANDRA NAGAR

Chandra Nagar guideline value

The current guideline value of Chandra Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vichoor village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Chandra Nagar has changed

Over the years, the guideline value of Chandra Nagar has seen significant changes. The 2007 revision recorded a value of Rs 100 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a substantial rise of 300%. However, the value decreased to Rs 268 per sq.ft in 2017, a drop of 33%. Following this, the 2023 revision set the value at Rs 400 per sq.ft, which then increased to Rs 440 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a significant increase of 340%. It is important to note that the guideline value register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. The guideline value of Chandra Nagar is below this median.

• Chandra Avenue: Rs 440 per sq.ft (2024)
• Bhoobalan Nagar: Rs 330 per sq.ft (2024)
• Eswaran Koil Street: Rs 440 per sq.ft (2024)
• Ezhil Nagar: Rs 485 per sq.ft (2024)
• F D Nagar: Rs 550 per sq.ft (2024)
• Ganapathi Nagar: Rs 485 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 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, leading to a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chandra Nagar?

The Sub Registrar Office that covers Chandra Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vichoor. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the transaction is documented accurately according to government regulations.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to determine the applicable duties. This ensures that the government receives the correct revenue based on the property's value, as indicated by the guideline value.

Frequently asked questions

What is the current guideline value of Chandra Nagar?

The current guideline value of Chandra Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, marking an overall increase of 340%.

What are the other streets in Vichoor with their guideline values?

Other streets in Vichoor include Chandra Avenue and Eswaran Koil Street, both at Rs 440 per sq.ft, Bhoobalan Nagar at Rs 330 per sq.ft, Ezhil Nagar and Ganapathi Nagar at Rs 485 per sq.ft, and F D Nagar at Rs 550 per sq.ft.

What is the stamp duty and registration fee for property in Chandra Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 440 per sq.ft, the total guideline value is Rs 4,40,000. The stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Chandra Nagar?

The Thiruvottiyur Sub Registrar Office covers Chandra Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.