Guideline Value for Chamundeswari kovil 4th street

Chamundeswari kovil 4th street guideline value

The current guideline value of Chamundeswari kovil 4th street is Rs 7,100 per sq.ft, effective from 1 July 2024. 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 4th street has changed

The guideline value for Chamundeswari kovil 4th street has undergone several revisions over the years. The 2012 revision set the value at Rs 6,500 per sq.ft, which was reduced to Rs 4,355 per sq.ft in the 2017 revision. Following this, the 2023 revision brought the value back up to Rs 6,500 per sq.ft, and the latest revision in 2024 increased it to Rs 7,100 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the value decreased by 33%, while from 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 9% increase, resulting in an overall increase of 9% from 2012 to 2024.

Guideline values in Egmore

In Egmore, there are 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 is Rs 7,100 per sq.ft, making the guideline value of Chamundeswari kovil 4th street equal to this median.

• Chamundeswari kovil 3rd street: Rs 7,100 per sq.ft (2024)
• Chamundeswari kovil 5th street: Rs 7,100 per sq.ft (2024)
• Chamundeswari kovil 2nd street: Rs 7,100 per sq.ft (2024)
• Chamundeswari kovil 1st 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 4th street

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the 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, totaling Rs 6,39,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chamundeswari kovil 4th street?

The Sub Registrar Office that covers Chamundeswari kovil 4th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Egmore. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When buying or selling property, the guideline value is used to determine the minimum price for which a property can be registered. This helps to maintain transparency in real estate transactions and prevents undervaluation of properties.

Frequently asked questions

What is the current guideline value of Chamundeswari kovil 4th street?

The current guideline value of Chamundeswari kovil 4th 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 back 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 4th street?

Chamundeswari kovil 4th street is classified as Residential Class II Type - I.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Chamundeswari kovil 4th street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Chamundeswari kovil 4th street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.