Guideline Value

Corporate

Guideline Value for CHANDRASEKARAN NAGAR

₹4400/sq.ft.

The guideline value for Chandrasekaran Nagar in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Chandrasekaran Nagar

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Chandrasekaran Nagar guideline value

The current guideline value of Chandrasekaran Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chandrasekaran Nagar has changed

The guideline value for Chandrasekaran Nagar has seen several revisions over the years. In 2007, the value was Rs 2,500 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a 60% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, reflecting a 33% drop. The value rebounded to Rs 4,000 per sq.ft in 2023, and most recently, it has risen to Rs 4,400 per sq.ft in 2024, a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 76%. The revisions for the years 2002 and 2003 do not have figures listed in the register for this street.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam village, there are 453 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Chandrasekaran Nagar is above this median.

Stamp duty and registration fee for property in Chandrasekaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers Chandrasekaran Nagar?

The Sub Registrar Office that covers Chandrasekaran Nagar 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Okkiyamthuraipakkam, as it serves as the basis for calculating stamp duty and registration fees. When a property is bought or sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. Understanding these values can help in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Chandrasekaran Nagar?

The current guideline value of Chandrasekaran Nagar is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 2,500 per sq.ft to Rs 4,400 per sq.ft in 2024, reflecting a total increase of 76% over the years.

What are the other streets with the same guideline value in Okkiyamthuraipakkam?

Other streets in Okkiyamthuraipakkam that share the same guideline value of Rs 4,400 per sq.ft include Chandrasekaran Avenue, Chandrasekaran Nagar Extension, and several others.

What is the registration fee for properties in Chandrasekaran Nagar?

The registration fee for properties in Chandrasekaran Nagar is calculated based on the guideline value, which is currently Rs 4,400 per sq.ft. The fee is typically 2% of the guideline value.

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. This office handles all registration processes for properties in the area.