Guideline Value for CHANDRA YOGI SAMADHI MAIN ROAD

Chandra Yogi Samadhi Main Road guideline value

The current guideline value of Chandra Yogi Samadhi Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Chandra Yogi Samadhi Main Road has changed

The guideline value for Chandra Yogi Samadhi Main Road has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a growth of 233%. However, in the 2017 revision, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The next revision in 2023 raised it to Rs 2,000 per sq.ft, and the latest revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 267%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which means that Chandra Yogi Samadhi Main Road's 2024 figure is below this median.

• Chandrayogi Samadhi Hut Area Main Road: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi (Road) Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 7th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 6th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 5th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 4th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Yogi Samadhi Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Chandra Yogi Samadhi Main Road?

The Sub Registrar Office that covers Chandra Yogi Samadhi Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

When buying or selling property in Perambur, the guideline value plays a crucial role in the registration process. It is used to calculate the stamp duty and registration fees, which are mandatory for any property transaction.

Both buyers and sellers must be aware that the guideline value is a benchmark set by the government, and it helps ensure that the transaction is recorded at a fair value. This value is crucial for legal documentation and for determining the financial obligations associated with property ownership.

Frequently asked questions

What is the current guideline value of Chandra Yogi Samadhi Main Road?

The current guideline value of Chandra Yogi Samadhi Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the registration office for Chandra Yogi Samadhi Main Road?

The registration office covering Chandra Yogi Samadhi Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.

What is the land classification for Chandra Yogi Samadhi Main Road?

The land classification for Chandra Yogi Samadhi Main Road is Residential Class IV Type - I, indicating its designated use for residential purposes.