Guideline Value for Chakravarthi Nagar Extn

Chakravarthi Nagar Extn guideline value

The current guideline value of Chakravarthi Nagar Extn is Rs 900 per sq.ft, as per the 2023 revision. This area falls under Unamancheri village and is classified as Residential Special Type - II. The relevant Sub Registrar Office for this location is the Gooduvancheri SRO.

How the guideline value of Chakravarthi Nagar Extn has changed

The guideline value of Chakravarthi Nagar Extn has seen several revisions over the years. In 2007, the value was set at Rs 150 per sq.ft, which rose significantly to Rs 900 per sq.ft in the 2012 revision, marking a 500% increase. However, in 2017, the value decreased to Rs 603 per sq.ft, reflecting a decline of 33% from the previous revision. The latest revision in 2023 brought the guideline value back up to Rs 900 per sq.ft, representing a 49% increase from 2017.

Overall, from 2007 to 2023, the guideline value has increased by 500%. It is important to note that for the years 2002, 2003, and 2024, the register has no figure for this street.

Guideline values in Unamancheri

Currently, there are no specific village figures available for Unamancheri. Chakravarthi Nagar Extn is one of the areas under the Gooduvancheri SRO. There are no other streets in Unamancheri listed at this time.

Stamp duty and registration fee for property in Chakravarthi Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total to Rs 81,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Chakravarthi Nagar Extn?

The Gooduvancheri Sub Registrar Office covers Chakravarthi Nagar Extn. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Unamancheri. It is used to determine the stamp duty and registration fees payable at the time of property registration. Buyers and sellers must be aware of the current guideline value to ensure that they comply with legal requirements during the transaction process.

When a property is sold, the guideline value is compared with the sale price to determine the applicable duty. The higher amount is used for calculating the stamp duty, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chakravarthi Nagar Extn?

The current guideline value of Chakravarthi Nagar Extn is Rs 900 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and finally returned to Rs 900 per sq.ft in 2023.

What is the land classification for Chakravarthi Nagar Extn?

Chakravarthi Nagar Extn is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chakravarthi Nagar Extn?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 900 per sq.ft would have a guideline value of Rs 9,00,000, leading to a stamp duty of Rs 63,000.