Guideline Value for Chakareswari Nagar Annexe

Chakareswari Nagar Annexe guideline value

The current guideline value of Chakareswari Nagar Annexe is Rs 1,065 per sq.ft, effective from 1 July 2024. This locality is situated in Sundaracholavaram village under the Kunrathur SRO, and the land classification is Mixed Type - II.

How the guideline value of Chakareswari Nagar Annexe has changed

In the 2023 revision, the guideline value for Chakareswari Nagar Annexe was Rs 971 per sq.ft. The increase from 2023 to 2024 is 10%, bringing the current guideline value to Rs 1,065 per sq.ft. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

Prior to the 2023 revision, there are no figures available for Chakareswari Nagar Annexe for the years listed. The only revisions that have been recorded are for 2023 and 2024, with the most recent revision reflecting a significant increase in the guideline value.

Guideline values in Sundaracholavaram

In Sundaracholavaram, there are 57 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,600 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, placing Chakareswari Nagar Annexe's 2024 figure above this median.

• Chakreswari Nagar Extension: Rs 880 per sq.ft (2024)
• Devi Karumariyamman Nagar: Rs 550 per sq.ft (2024)
• Divya Nagar: Rs 880 per sq.ft (2024)
• Balakrishnan naidu street: Rs 660 per sq.ft (2024)
• Balakrishnan Nagar: Rs 880 per sq.ft (2024)
• Bajanai Koil to Koladi link: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Chakareswari Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 1,065 per sq.ft, the total guideline value amounts to Rs 10,65,000. The stamp duty, calculated at 7%, would be Rs 74,550, and the registration fee at 2% would be Rs 21,300, making the total charges Rs 95,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chakareswari Nagar Annexe?

The Sub Registrar Office that covers Chakareswari Nagar Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Sundaracholavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

When buying or selling a property, the guideline value helps in establishing a fair assessment of the property’s worth, which is essential for both the buyer and seller. It is important to refer to the latest revisions to understand the applicable rates.

Frequently asked questions

What is the current guideline value of Chakareswari Nagar Annexe?

The current guideline value of Chakareswari Nagar Annexe is Rs 1,065 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 971 per sq.ft in 2023 to Rs 1,065 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What is the median guideline value in Sundaracholavaram?

The median guideline value in Sundaracholavaram is Rs 660 per sq.ft. Chakareswari Nagar Annexe's current value is above this median.

What are the stamp duty and registration fees for property in Chakareswari Nagar Annexe?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total charges would be Rs 95,850.

Where is the Sub Registrar Office for Chakareswari Nagar Annexe located?

The Sub Registrar Office for Chakareswari Nagar Annexe is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in the area.