Guideline Value for CHANDRAN STREET

Chandran Street guideline value

The current guideline value of Chandran Street in Chinnasekkadu village is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Chandran Street has changed

The guideline value for Chandran Street has undergone several revisions over the years. In 2002, the value was Rs 157 per sq.ft, which increased to Rs 182 per sq.ft in 2003, marking a change of +16%. The value saw a significant rise to Rs 500 per sq.ft in 2007, an increase of +175%. By 2012, the value was Rs 1,200 per sq.ft, reflecting a +140% change from the previous revision. However, it then decreased to Rs 804 per sq.ft in 2017, a drop of -33%. The value rose again to Rs 1,200 per sq.ft in 2023, and the current guideline value is Rs 1,300 per sq.ft from the 2024 revision, showing an increase of +8% from the previous year.

There are no figures available for the revisions in years not listed for this street. Overall, from 2002 to 2024, the guideline value has increased by +728%.

Guideline values in Chinnasekkadu

In Chinnasekkadu, there are 49 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Chandran Street's 2024 figure above that median.

• Chandramman Koil Street: Rs 1,300 per sq.ft (2024)
• Chinna Kannu Street / Chinna Kannu Naickan Street: Rs 1,001 per sq.ft (2024)
• Bharathi Dasan Street: Rs 1,001 per sq.ft (2024)
• Devarajan Street: Rs 1,500 per sq.ft (2024)
• Balji Palayam: Rs 1,001 per sq.ft (2024)
• Dr.A.P.J. Abdul Kalam Nagar: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chandran Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 precise calculations.

Which Sub Registrar Office covers Chandran Street?

The Sub Registrar Office that covers Chandran Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Chinnasekkadu. It is used to determine the stamp duty and registration fees applicable to the property transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is registered, the guideline value plays a significant role in calculating the costs associated with the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chandran Street?

The current guideline value of Chandran Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 157 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of +728%.

What is the land classification for Chandran Street?

Chandran Street is classified as Residential Class I Type - I.

What is the registration office for Chandran Street?

The registration office for Chandran Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Chandran Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.