Guideline Value for CHANDRAYOGI SAMADHI 7TH STREET

Chandrayogi Samadhi 7th Street guideline value

The current guideline value of Chandrayogi Samadhi 7th 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 Chandrayogi Samadhi 7th Street has changed

The guideline value for Chandrayogi Samadhi 7th Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,340 per sq.ft in 2017, marking a substantial rise of 123%. Following this, the value further increased to Rs 2,000 per sq.ft in 2023, which represents a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that the register has no figures for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Perambur

In Perambur, the guideline values for 2024 range from Rs 1,600 to Rs 7,100 per sq.ft across 1,114 streets under the Purasaivakkam SRO, with a median value of Rs 2,700 per sq.ft. The guideline value for Chandrayogi Samadhi 7th Street is below this median.

• Chandrayogi Samadhi 6th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi Hut Area Main Road: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 5th Street: Rs 2,200 per sq.ft (2024)
• Chandra Yogi Samadhi Main Road: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 4th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi (Road) Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrayogi Samadhi 7th 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, making the total cost for these fees Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandrayogi Samadhi 7th Street?

The Sub Registrar Office that covers Chandrayogi Samadhi 7th 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 plays a crucial role when buying or selling property in Perambur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during property transactions. The guideline value ensures that the government receives the appropriate revenue from property sales.

When a property is sold, the buyer must pay stamp duty on the higher of the guideline value or the sale price. This means that if the sale price exceeds the guideline value, the buyer will be charged based on the sale price, ensuring that the transaction is fairly taxed.

Frequently asked questions

What is the current guideline value of Chandrayogi Samadhi 7th Street?

The current guideline value of Chandrayogi Samadhi 7th 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 stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

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

What is the land classification for Chandrayogi Samadhi 7th Street?

Chandrayogi Samadhi 7th Street is classified as Residential Class IV Type - I.