Guideline Value for CHANDRA TOWNSHIP PHASE-II

Chandra Township Phase-II guideline value

The current guideline value of Chandra Township Phase-II is Rs 350 per sq.ft, effective from 1 July 2024. This property is located in Kizhavalem village under the Madurandakam SRO, classified as Residential Class II Type - II.

How the guideline value of Chandra Township Phase-II has changed

The guideline value for Chandra Township Phase-II has seen several revisions over the years. In 2012, the guideline value was set at Rs 350 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 234 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 350 per sq.ft. The 2024 revision maintains this figure with no change from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Therefore, the guideline value has remained at Rs 350 per sq.ft since 2023, showing no increase or decrease in the latest revision.

Guideline values in Kizhavalem

Kizhavalem village has 19 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft. The median guideline value for these streets is Rs 103 per sq.ft, placing Chandra Township Phase-II's value above this median.

• Anantham Nagar: Rs 100 per sq.ft (2024)
• Guberan Nagar: Rs 103 per sq.ft (2024)
• i5 GLOBAL CITY: Rs 250 per sq.ft (2024)
• Marc Avenue Phase-I: Rs 120 per sq.ft (2024)
• Ryan Garden Village: Rs 100 per sq.ft (2024)
• Safa Nagar Part - II: Rs 120 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Township Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, making the total cost for these fees Rs 31,500. 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 precise calculations.

Which Sub Registrar Office covers Chandra Township Phase-II?

The Sub Registrar Office that covers Chandra Township Phase-II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kizhavalem. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used for calculating the applicable fees. This ensures that the registration process reflects the accurate value of the property being transferred.

Frequently asked questions

What is the current guideline value for Chandra Township Phase-II?

The current guideline value for Chandra Township Phase-II is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since the 2023 revision. It experienced a drop to Rs 234 per sq.ft in 2017, but increased by 50% to return to Rs 350 per sq.ft by 2023.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500, and the registration fee would be Rs 7,000, totaling Rs 31,500. These fees are calculated based on the guideline value or sale price, whichever is higher.

Which office handles registrations for Chandra Township Phase-II?

The Madurandakam Sub Registrar Office is responsible for handling registrations for Chandra Township Phase-II, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the guideline value determined for properties in Kizhavalem?

The guideline value for properties in Kizhavalem is determined by the Registration Department's guideline value register. It considers various factors including the land classification and the location of the property.