Guideline Value for Chakkrapani Nagar

Chakkrapani Nagar guideline value

The current guideline value of Chakkrapani Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village and falls under the Pammal SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Chakkrapani Nagar has changed

Over the years, the guideline value of Chakkrapani Nagar has seen significant changes. The 2017 revision recorded a guideline value of Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Chakkrapani Nagar.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Chakkrapani Nagar's 2024 figure above this median.

• Chakkrapani Nagar Extn: Rs 2,200 per sq.ft (2024)
• C.B.Nagar: Rs 2,200 per sq.ft (2024)
• B.T.Nagar Extn: Rs 2,750 per sq.ft (2024)
• B.T.Nagar: Rs 2,750 per sq.ft (2024)
• Bst's Sarada City: Rs 2,860 per sq.ft (2024)
• Boomadevi Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Chakkrapani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chakkrapani Nagar?

The Sub Registrar Office that covers Chakkrapani Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chakkrapani Nagar?

The current guideline value of Chakkrapani Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the stamp duty rate in Chakkrapani Nagar?

The stamp duty rate in Chakkrapani Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What are the other streets in Kerugambakkam with their guideline values?

Other streets in Kerugambakkam include Chakkrapani Nagar Extn and C.B.Nagar at Rs 2,200 per sq.ft, and B.T.Nagar and Boomadevi Nagar at Rs 2,750 per sq.ft, among others.