Guideline Value for CHANDRA YOGI LANE

Chandra Yogi Lane guideline value

The current guideline value of Chandra Yogi Lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam Sub Registrar Office (SRO) and is classified as Residential Class IV Type - I.

How the guideline value of Chandra Yogi Lane has changed

Over the years, the guideline value of Chandra Yogi Lane has seen several revisions. The earliest recorded figure is from 2007, with a guideline value of Rs 600 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 233%. However, it then decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value further increased to Rs 2,000 per sq.ft in 2023, and finally, it reached Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 267%, showcasing the fluctuations in property valuation over the years.

Guideline values in Perambur

In Perambur village, the guideline values vary significantly, with 1,114 streets under the Purasaivakkam SRO carrying a 2024 figure ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Chandra Yogi Lane's 2024 figure below this median.

• Chandrayogi Samadhi 1st Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 2nd Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 3rd Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 4th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 5th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Yogi Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Chandra Yogi Lane?

Chandra Yogi Lane falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this valuation.

When buying or selling property, the guideline value is referenced to assess the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Chandra Yogi Lane?

The current guideline value of Chandra Yogi Lane 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, with various revisions in between, including a drop to Rs 1,340 per sq.ft in 2017 and a rise to Rs 2,000 per sq.ft in 2023.

What is the median guideline value in Perambur?

The median guideline value for streets in Perambur is Rs 2,700 per sq.ft, which is higher than the current value of Chandra Yogi Lane.

What are the stamp duty rates in Tamil Nadu?

The stamp duty rate in Tamil Nadu is generally 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Chandra Yogi Lane?

The Purasaivakkam Sub Registrar Office covers Chandra Yogi Lane and is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.