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 street is located in Vichoor_B village under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Chandra Nagar has changed

In the 2017 revision, the guideline value for Chandra Nagar was Rs 268 per sq.ft. This figure increased significantly to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 440 per sq.ft, reflecting a 10% change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. This progressive rise in the guideline value indicates the changing landscape of property valuation in the area.

Guideline values in Vichoor_B

In Vichoor_B, 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 of Rs 485 per sq.ft. Chandra Nagar's 2024 figure of Rs 440 per sq.ft 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 would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total costs together to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

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_B

The guideline value is a crucial factor during the registration of property transactions in Vichoor_B. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared against the sale price. The higher of the two values is used to calculate the stamp duty, ensuring that the transaction is compliant with local regulations.

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 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and then to Rs 440 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the other streets in Vichoor_B?

Other streets in Vichoor_B include Chandra Avenue, Bhoobalan Nagar, Eswaran Koil Street, Ezhil Nagar, F D Nagar, and Ganapathi Nagar, with varying guideline values for 2024.

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

For a property valued at 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. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles registrations for properties in Chandra Nagar.