Guideline Value for CHANDRASEKARAN NAGAR ALL STREETS

Chandrasekaran Nagar All Streets guideline value

The current guideline value for Chandrasekaran Nagar All Streets is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Chandrasekaran Nagar All Streets has changed

The guideline value for Chandrasekaran Nagar All Streets has undergone several revisions over the years. The earliest recorded figure is from 2007, set at Rs 500 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 saw the guideline value rise to Rs 2,200 per sq.ft, which is a 64% increase from the 2017 figure.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry 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, placing the 2024 guideline value for Chandrasekaran Nagar All Streets below this median.

• Chandrasekaran Street: Rs 2,200 per sq.ft (2024)
• Chandra Yogi Lane: Rs 2,200 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Chandrasekaran Nagar All Streets

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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to 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 detailed calculations.

Which Sub Registrar Office covers Chandrasekaran Nagar All Streets?

The Sub Registrar Office that covers Chandrasekaran Nagar All Streets is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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 determining the registration fees and stamp duty. The guideline value is a benchmark set by the government, and it is used to calculate the taxes applicable during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value for Chandrasekaran Nagar All Streets?

The current guideline value for Chandrasekaran Nagar All Streets 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 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office located for this area?

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

What is the land classification for Chandrasekaran Nagar All Streets?

The land classification for Chandrasekaran Nagar All Streets is Residential Class IV Type - I.