Guideline Value for Chakarabani Street

Chakarabani Street guideline value

The current guideline value of Chakarabani Street is Rs 2,001 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Chakarabani Street has changed

The guideline value for Chakarabani Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,001 per sq.ft, which is a slight increase from Rs 2,000 per sq.ft in 2023. Notably, there was a significant increase from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023, marking a 49% rise over this period. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has increased by 49%. The consistent rise in value reflects the growing significance of this street within the Gooduvancheri area.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Chakarabani Street's current value of Rs 2,001 per sq.ft is above this median.

• Chellappa Colony: Rs 2,001 per sq.ft (2024)
• Chirpi Naagar I & II: Rs 1,500 per sq.ft (2024)
• Bharathiyar Street: Rs 1,500 per sq.ft (2024)
• Defence Colony: Rs 1,500 per sq.ft (2024)
• Bharathidasan Street (Ward 14, 16): Rs 1,500 per sq.ft (2024)
• Devaraj Naikkar Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chakarabani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,001 per sq.ft, the total guideline value would be Rs 20,01,000. The stamp duty at 7% would amount to Rs 1,40,070, while the registration fee at 2% would be Rs 40,020, leading to a total of Rs 1,80,090. It is important to note that 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 information.

Which Sub Registrar Office covers Chakarabani Street?

The Sub Registrar Office that covers Chakarabani Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Gooduvancheri. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount is used for calculating the duties.

When registering a property, the guideline value ensures that the transaction is documented at a value recognized by the government. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Chakarabani Street?

The current guideline value of Chakarabani Street is Rs 2,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,001 per sq.ft in 2024, which is a 49% increase overall. The value remained at Rs 2,000 per sq.ft in 2023.

What are the guideline values of other streets in Gooduvancheri?

Other streets in Gooduvancheri have varying guideline values, ranging from Rs 1,000 to Rs 3,500 per sq.ft. For instance, Chellappa Colony also has a value of Rs 2,001 per sq.ft, while several others are at Rs 1,500 per sq.ft.

What fees are associated with buying property in Chakarabani Street?

When buying property, you will incur stamp duty at 7% of the guideline value and a registration fee at 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,80,090 based on the current guideline value.

Which office should I contact for registration in Gooduvancheri?

The Gooduvancheri Sub Registrar Office is responsible for property registrations in this area. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.