Guideline Value for Chakkarathazhvar Nagar

Chakkarathazhvar Nagar guideline value

The current guideline value of Chakkarathazhvar Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Chakkarathazhvar Nagar has changed

The guideline value for Chakkarathazhvar Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In the Ist Division under the Kanchipuram Joint IV SRO, there are 79 streets with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which is equal to the current guideline value of Chakkarathazhvar Nagar.

• Cheety Street @ C.V.Rajagopal Street: Rs 2,200 per sq.ft (2024)
• Chengalpet Road: Rs 1,430 per sq.ft (2024)
• Chetty Street: Rs 2,200 per sq.ft (2024)
• Birunthavanam Street @ Palla Street: Rs 880 per sq.ft (2024)
• Cross Back Street: Rs 1,650 per sq.ft (2024)
• Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Chakkarathazhvar Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,80,000. The stamp duty at 7% amounts to Rs 61,600, and the registration fee at 2% totals Rs 17,600, making the total cost Rs 79,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chakkarathazhvar Nagar?

The Kanchipuram Joint IV Sub Registrar Office covers Chakkarathazhvar 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 Ist Division

The guideline value plays a crucial role in the registration process when buying or selling property in Ist Division. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Chakkarathazhvar Nagar?

The current guideline value of Chakkarathazhvar Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Chakkarathazhvar Nagar?

Chakkarathazhvar Nagar is classified as Residential Class II Type - I.

Where is the Kanchipuram Joint IV SRO located?

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

How is the stamp duty calculated for properties in Chakkarathazhvar Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 79,200.