Guideline Value for CHANDRA THOTTAM

Chandra Thottam guideline value

The current guideline value of Chandra Thottam is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO, classified as Residential Class II Type - III.

How the guideline value of Chandra Thottam has changed

The guideline value for Chandra Thottam has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which then changed to Rs 737 per sq.ft in the 2017 revision. This was a decrease of 33%. In 2023, the value increased to Rs 1,100 per sq.ft, and in the latest 2024 revision, it rose again to Rs 1,200 per sq.ft, marking a 9% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

Uthandi village has a total of 197 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 14,700 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,700 per sq.ft, indicating that Chandra Thottam's 2024 figure is below this median.

• Chella Durai Garden: Rs 1,100 per sq.ft (2024)
• Chengani Amman Koil East Street: Rs 1,700 per sq.ft (2024)
• Chengani Amman Koil West Street: Rs 1,700 per sq.ft (2024)
• B.P.Rajan Salai: Rs 2,800 per sq.ft (2024)
• Colony Gangaiamman Koil Street (E.C.R.): Rs 2,800 per sq.ft (2024)
• Bharathy Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandra Thottam?

The Sub Registrar Office covering Chandra Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Uthandi. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the current market standards set by the government.

Frequently asked questions

What is the current guideline value of Chandra Thottam?

The current guideline value of Chandra Thottam is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification for Chandra Thottam?

Chandra Thottam is classified as Residential Class II Type - III, indicating its suitability for residential development.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for property in Chandra Thottam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total fee of Rs 1,08,000, including stamp duty and registration fees.