Guideline Value for CHANDRASEKARAN NAGAR

Chandrasekaran Nagar guideline value

The current guideline value of Chandrasekaran Nagar is Rs 975 per sq.ft, effective from 1 July 2024. This area is located in Perumbakkam village under the Selaiyur SRO and is classified as Residential Class IV Type - II.

How the guideline value of Chandrasekaran Nagar has changed

The guideline value for Chandrasekaran Nagar has undergone several revisions over the years. The earliest recorded revision is from 2012, when the guideline value was Rs 800 per sq.ft. This was followed by a decrease to Rs 536 per sq.ft in 2017, marking a decline of 33%. However, the value saw a significant increase of 68% to Rs 900 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the guideline value at Rs 975 per sq.ft, which is an increase of 8% from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft, with a median value of Rs 2,725 per sq.ft. The guideline value of Chandrasekaran Nagar is below this median.

• Casa Vogue: Rs 2,725 per sq.ft (2024)
• Casa Grande "cherry Pick": Rs 2,725 per sq.ft (2024)
• Cheran Nagar: Rs 2,725 per sq.ft (2024)
• Chettinad Villa: Rs 2,725 per sq.ft (2024)
• Citrine Sanctum By Urban Tree: Rs 4,000 per sq.ft (2024)
• Bollineni Hillside: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrasekaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 975 per sq.ft, the total guideline value amounts to Rs 9,75,000. The stamp duty at 7% would be Rs 68,250, while the registration fee at 2% would be Rs 19,500, bringing the total fees together to Rs 87,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Chandrasekaran Nagar?

The Sub Registrar Office that covers Chandrasekaran Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Perumbakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is often compared to the sale price, with the higher of the two being used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chandrasekaran Nagar?

The current guideline value of Chandrasekaran Nagar is Rs 975 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 800 to Rs 975 per sq.ft in 2024, reflecting an overall increase of 22% over this period.

What is the land classification of Chandrasekaran Nagar?

Chandrasekaran Nagar is classified as Residential Class IV Type - II, indicating its designation for residential use.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 9,75,000 would incur a stamp duty of Rs 68,250 at 7%.