Guideline Value for CHUNNAMBUKARA STREET-4

Chunnambukara Street-4 guideline value

The current guideline value of Chunnambukara Street-4 is Rs 2,200 per sq.ft. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - III.

How the guideline value of Chunnambukara Street-4 has changed

Since the 2012 revision, the guideline value for Chunnambukara Street-4 has seen several changes. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 2,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figure for Chunnambukara Street-4 for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Chunnambukara Street-4.

• Chinna Rathinam Street: Rs 2,200 per sq.ft (2024)
• Chinnamman Kovil Street: Rs 3,300 per sq.ft (2024)
• Court Compound Ward-1: Rs 2,200 per sq.ft (2024)
• Desigar Koil Sannathi Ward-2: Rs 3,520 per sq.ft (2024)
• Cement Gst Salai: Rs 4,400 per sq.ft (2024)
• Ceebros Garden City: Rs 1,733 per sq.ft (2024)

Stamp duty and registration fee for property in Chunnambukara Street-4

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty at 7% amounts to Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chunnambukara Street-4?

The Sub Registrar Office that covers Chunnambukara Street-4 is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chengalpattu Natham. It serves as a basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as determined by the government.

Frequently asked questions

What is the current guideline value of Chunnambukara Street-4?

The current guideline value of Chunnambukara Street-4 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 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Chunnambukara Street-4?

Chunnambukara Street-4 is classified as Residential Special Type - III, indicating its suitability for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chunnambukara Street-4?

Stamp duty for properties in Chunnambukara Street-4 is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 1,98,000 in duty and registration fees.