Guideline Value for CHANDRASEKARAN STREET

Chandrasekaran Street guideline value

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

How the guideline value of Chandrasekaran Street has changed

The guideline value for Chandrasekaran Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 500 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 300% rise. The value remained unchanged at Rs 2,000 per sq.ft until the next revision in 2023, where it rose to Rs 2,200 per sq.ft, reflecting a 10% increase.

From 2007 to 2024, the overall increase in the guideline value is 340%, culminating in the current rate of Rs 2,200 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Perambur

In Perambur village, 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, with a median value of Rs 2,700 per sq.ft. The guideline value of Chandrasekaran Street is below this median.

• Chandrasekaran Nagar All Streets: 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 Street

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 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Chandrasekaran Street?

The Sub Registrar Office that covers Chandrasekaran Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that all transactions are recorded at a fair value.

When you register a property, the guideline value serves as a benchmark. If the sale price of the property is higher than the guideline value, the stamp duty will be charged on the sale price instead.

Frequently asked questions

What is the current guideline value of Chandrasekaran Street?

The current guideline value of Chandrasekaran Street 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 is the land classification of Chandrasekaran Street?

Chandrasekaran Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Chandrasekaran Street?

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

How is stamp duty calculated on properties in Perambur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at the current rate of 7%.