Guideline Value for CHOKKALINGAM NAGAR

Chokkalingam Nagar guideline value

The current guideline value of Chokkalingam Nagar is Rs 1,350 per sq.ft, as per the 2023 revision. This area is located in Mambakkam village, under the Gooduvancheri SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Chokkalingam Nagar has changed

In the 2012 revision, the guideline value was set at Rs 1,350 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 904 per sq.ft, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value increased significantly to Rs 1,350 per sq.ft, reflecting a rise of 49% during that period.

Overall, when comparing the 2012 and 2023 revisions, the guideline value has remained the same at Rs 1,350 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Chokkalingam Nagar is among the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Mambakkam listed with guideline values.

Stamp duty and registration fee for property in Chokkalingam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,350 per sq.ft, the total guideline value would be Rs 13,50,000. The stamp duty at 7% would amount to Rs 94,500, while the registration fee at 2% would be Rs 27,000, bringing the total cost for these fees to Rs 1,21,500. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chokkalingam Nagar?

The Sub Registrar Office that covers Chokkalingam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When a property transaction occurs, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Chokkalingam Nagar?

The current guideline value of Chokkalingam Nagar is Rs 1,350 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,350 per sq.ft in 2012 to Rs 904 per sq.ft in 2017, and then back to Rs 1,350 per sq.ft in 2023. This reflects a decrease of 33% from 2012 to 2017 and an increase of 49% from 2017 to 2023.

Are there any guideline values for revisions prior to 2012?

No, there are no figures available for the revisions in 2002, 2003, and 2007 for Chokkalingam Nagar. The only available figures are from the revisions in 2012, 2017, and 2023.

How is stamp duty calculated for properties in Chokkalingam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,50,000, the stamp duty at 7% would amount to Rs 94,500.

Where can I find the Sub Registrar Office for Chokkalingam Nagar?

The Sub Registrar Office for Chokkalingam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.