Guideline Value for CHINNADURAI GARDEN

Chinnadurai Garden guideline value

The current guideline value of Chinnadurai Garden is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Chemmancheri village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Chinnadurai Garden has changed

Over the years, the guideline value of Chinnadurai Garden has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,500 per sq.ft in the 2023 revision, and finally rose to Rs 1,700 per sq.ft in the 2024 revision, marking a 13% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 13%. The most significant increase occurred between the 2017 and 2023 revisions, with a rise of 49%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chemmancheri

In Chemmancheri village, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, which is equal to the current guideline value for Chinnadurai Garden.

• Chinna Mathi Garden: Rs 1,100 per sq.ft (2024)
• Cheran Street: Rs 1,700 per sq.ft (2024)
• Chemmenchery Thope: Rs 1,700 per sq.ft (2024)
• Chemmanchery Estate: Rs 3,300 per sq.ft (2024)
• Chelliamman Koil Street: Rs 1,700 per sq.ft (2024)
• Chozhan Salai: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnadurai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, while the registration fee at 2% would be Rs 34,000. Together, the total fees would be Rs 1,53,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnadurai Garden?

The Sub Registrar Office that covers Chinnadurai Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Chemmancheri. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the buyer must ensure that the property is registered at or above the guideline value. This ensures compliance with the local regulations and helps in the smooth transfer of ownership.

Frequently asked questions

What is the current guideline value of Chinnadurai Garden?

The current guideline value of Chinnadurai Garden is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,700 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What are the stamp duty rates for properties in Chinnadurai Garden?

The stamp duty for properties in Chinnadurai Garden is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the other streets in Chemmancheri with their guideline values?

Other streets in Chemmancheri include Chinna Mathi Garden at Rs 1,100 per sq.ft, Cheran Street at Rs 1,700 per sq.ft, and Chemmanchery Estate at Rs 3,300 per sq.ft, among others.