Guideline Value for CHOLAN NAGAR

Cholan Nagar guideline value

The current guideline value of Cholan Nagar is Rs 900 per sq.ft, effective from 1 July 2024. This area is located in Thenampakkam village and falls under the Kanchipuram Joint IV SRO, classified as Residential Special Type - II.

How the guideline value of Cholan Nagar has changed

The guideline value for Cholan Nagar has undergone significant revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In 2023, the guideline value was recorded at Rs 419 per sq.ft, which increased to Rs 900 per sq.ft in the 2024 revision, marking a substantial rise of 115%.

Prior to the 2023 revision, there were no figures available for the street in the years mentioned. The most recent revision in 2024 reflects a notable adjustment in the guideline value, indicating a shift in land valuation in the area.

Guideline values in Thenampakkam

Cholan Nagar is part of the Thenampakkam area, which includes several other streets under the Kanchipuram Joint IV SRO. The guideline values for these streets are as follows:

• Sanmuga Avenue: Rs 799 per sq.ft (2024)

Stamp duty and registration fee for property in Cholan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Cholan Nagar?

The Kanchipuram Joint IV Sub Registrar Office covers Cholan Nagar. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thenampakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration reflects the accurate value of the property being transacted.

Frequently asked questions

What is the current guideline value of Cholan Nagar?

The current guideline value of Cholan Nagar is Rs 900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 419 per sq.ft in 2023 to Rs 900 per sq.ft in 2024, representing a rise of 115%.

What is the classification of land in Cholan Nagar?

Cholan Nagar is classified as Residential Special Type - II under the Kanchipuram Joint IV SRO.

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

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property in Cholan Nagar?

For a property valued at Rs 9,00,000, the stamp duty would be Rs 63,000 and the registration fee would be Rs 18,000, totaling Rs 81,000. This is based on the current guideline value.