Guideline Value for Chamundeswari kovil 2nd street

Chamundeswari kovil 2nd street guideline value

The current guideline value of Chamundeswari kovil 2nd street is Rs 7,100 per sq.ft. This street is located in Egmore village under the Periamet SRO, classified as Residential Class II Type - I.

How the guideline value of Chamundeswari kovil 2nd street has changed

The guideline value for Chamundeswari kovil 2nd street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 6,500 per sq.ft. This figure remained unchanged in the subsequent 2017 revision, where it was recorded at Rs 4,355 per sq.ft, indicating a decrease of 33%. However, the value saw a significant increase in the 2023 revision, rising to Rs 6,500 per sq.ft, and then further increased to Rs 7,100 per sq.ft in the 2024 revision, marking a 9% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Egmore

In Egmore, there are a total of 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value for these streets is Rs 7,100 per sq.ft, which is the same as the current guideline value for Chamundeswari kovil 2nd street.

• Chamundeswari kovil 1st street: Rs 7,100 per sq.ft (2024)
• Chamundeswari kovil 3rd street: Rs 7,100 per sq.ft (2024)
• Chamundeswari kovil 4th street: Rs 7,100 per sq.ft (2024)
• Chamundeswari kovil 5th street: Rs 7,100 per sq.ft (2024)
• Chandira banu street: Rs 10,100 per sq.ft (2024)
• Chari Street: Rs 8,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chamundeswari kovil 2nd street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total cost to Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chamundeswari kovil 2nd street?

The Chamundeswari kovil 2nd street falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Egmore. It determines the minimum value at which property transactions are registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and complies with legal requirements.

Frequently asked questions

What is the current guideline value of Chamundeswari kovil 2nd street?

The current guideline value of Chamundeswari kovil 2nd street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then increased to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,100 per sq.ft in 2024.

What is the land classification for Chamundeswari kovil 2nd street?

Chamundeswari kovil 2nd street is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Chamundeswari kovil 2nd street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

What are the stamp duty and registration fees for a property in this street?

For a property valued at Rs 71,00,000, the stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000.