Guideline Value for CHANDRAYOGI SAMADHI 5TH STREET

Chandrayogi Samadhi 5th Street guideline value

The current guideline value of Chandrayogi Samadhi 5th 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 5th Street has changed

The guideline value for Chandrayogi Samadhi 5th Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 233%. However, this value decreased to Rs 1,340 per sq.ft in 2017, representing a decline of 33%. The next revision in 2023 brought the value up to Rs 2,000 per sq.ft, followed by the current value of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

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 is Rs 2,700 per sq.ft, placing the guideline value of Chandrayogi Samadhi 5th Street below this median.

• Chandrayogi Samadhi 4th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 6th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 3rd Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 7th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 2nd Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi Hut Area Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrayogi Samadhi 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to 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 and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandrayogi Samadhi 5th Street?

The Sub Registrar Office that covers Chandrayogi Samadhi 5th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Chandrayogi Samadhi 5th Street?

The current guideline value of Chandrayogi Samadhi 5th 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, which is an overall increase of 267% over the years.

What is the median guideline value in Perambur?

The median guideline value in Perambur for 2024 is Rs 2,700 per sq.ft, which is higher than the current value of Chandrayogi Samadhi 5th Street.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the higher of the guideline value or the sale price, and the registration fee is 2%. For example, for a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which office handles registrations for Chandrayogi Samadhi 5th Street?

The Purasaivakkam Sub Registrar Office handles registrations for Chandrayogi Samadhi 5th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.