Guideline Value for CHANDRAYOGI SAMADHI 1ST STREET

Chandrayogi Samadhi 1st Street guideline value

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

How the guideline value of Chandrayogi Samadhi 1st Street has changed

The guideline value for Chandrayogi Samadhi 1st Street has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. However, this value decreased to Rs 1,340 per sq.ft in 2017. The 2023 revision raised it to Rs 2,000 per sq.ft, and the most recent 2024 revision has set it at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the value saw a substantial decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was a remarkable 233%. Overall, the guideline value has risen by 267% from 2007 to 2024. The register does not contain figures for the years 2002 and 2003 for this street.

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, with a median value of Rs 2,700 per sq.ft. The guideline value of Chandrayogi Samadhi 1st Street is below this median.

• Chandra Yogi Lane: 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)
• Chandrayogi Samadhi 5th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrayogi Samadhi 1st 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, totaling 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 details.

Which Sub Registrar Office covers Chandrayogi Samadhi 1st Street?

The Sub Registrar Office covering Chandrayogi Samadhi 1st 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 plays a crucial role during the registration of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Chandrayogi Samadhi 1st Street?

The current guideline value of Chandrayogi Samadhi 1st 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 600 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

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

Other streets in Perambur that share the same guideline value of Rs 2,200 per sq.ft include Chandra Yogi Lane, Chandrayogi Samadhi 2nd Street, 3rd Street, 4th Street, 5th Street, and 6th Street.

What is the registration fee for properties in this area?

The registration fee for properties in Chandrayogi Samadhi 1st Street is calculated based on the guideline value, which is Rs 2,200 per sq.ft as of 2024.

Where is the Sub Registrar Office located for this street?

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