Guideline Value for Chakravarthi Nagar

Chakravarthi Nagar guideline value

The current guideline value of Chakravarthi Nagar 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 Gooduvancheri SRO.

How the guideline value of Chakravarthi Nagar has changed

The guideline value of Chakravarthi Nagar has seen several changes over the years. In the 2007 revision, the value was set at Rs 150 per sq.ft, which increased significantly to Rs 900 per sq.ft in the 2012 revision, marking a 500% increase. However, this value remained unchanged in the 2012 to 2017 period, where it dropped to Rs 603 per sq.ft, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 900 per sq.ft, representing an increase of 49%. Overall, from the 2007 to the 2023 revision, the guideline value has increased by 500%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Unamancheri

Currently, there are no specific guideline values provided for other streets in Unamancheri. Chakravarthi Nagar is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Chakravarthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total 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 guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chakravarthi Nagar?

The Sub Registrar Office that covers Chakravarthi Nagar is the Gooduvancheri Sub Registrar Office, 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 is a crucial factor when registering property transactions in Unamancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a buyer or seller engages in a property transaction, the guideline value helps in ensuring that the transaction is recorded accurately. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chakravarthi Nagar?

The current guideline value of Chakravarthi Nagar 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 of Chakravarthi Nagar?

Chakravarthi Nagar is classified as Residential Special Type - II. This classification is important for understanding the zoning and usage regulations applicable to the area.

What are the stamp duty and registration fees for properties in Chakravarthi Nagar?

For a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 9,00,000. The stamp duty is Rs 63,000 and the registration fee is Rs 18,000, totaling Rs 81,000.

Which Sub Registrar Office covers Chakravarthi Nagar?

The Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone, covers Chakravarthi Nagar.