Guideline Value for Chakrapani Nagar 10th Street

Chakrapani Nagar 10th Street guideline value

The current guideline value of Chakrapani Nagar 10th Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village under the Virugambakkam SRO, classified as Residential Class I Type - II.

How the guideline value of Chakrapani Nagar 10th Street has changed

The guideline value for Chakrapani Nagar 10th Street has seen several revisions over the years. In 2007, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 3,250 per sq.ft in 2012, marking a rise of 195%. However, from 2012 to 2017, the value decreased to Rs 2,177 per sq.ft, a drop of 33%. The value then rose to Rs 3,250 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 3,600 per sq.ft, which is an 11% increase from the previous year.

It is important to note that the register has no figures for Chakrapani Nagar 10th Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 227%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. Chakrapani Nagar 10th Street's guideline value of Rs 3,600 per sq.ft is above this median.

• Chakrapani Nagar 11th Street: Rs 3,600 per sq.ft (2024)
• Chakrapani Nagar 12th Street: Rs 3,600 per sq.ft (2024)
• Chakrapani Nagar 13th Street: Rs 3,600 per sq.ft (2024)
• Chakrapani Nagar 14th Street: Rs 3,600 per sq.ft (2024)
• Chakrapani Nagar 15th Street: Rs 3,600 per sq.ft (2024)
• Chakrapani Nagar 1st Cross Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Chakrapani Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Chakrapani Nagar 10th Street?

The Sub Registrar Office covering Chakrapani Nagar 10th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Maduravoyal. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for ensuring compliance with local regulations and for budgeting the total costs involved in property transactions. It is advisable to consult the latest guideline values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chakrapani Nagar 10th Street?

The current guideline value of Chakrapani Nagar 10th Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,100 per sq.ft in 2007 to Rs 3,600 per sq.ft in 2024, marking an overall increase of 227% over the years.

What is the land classification of Chakrapani Nagar 10th Street?

Chakrapani Nagar 10th Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for a property in Chakrapani Nagar 10th Street?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000, and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Which Sub Registrar Office covers the registration for Chakrapani Nagar 10th Street?

The registration for Chakrapani Nagar 10th Street is handled by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.