Guideline Value for Chandira banu street

Chandira banu street guideline value

The current guideline value of Chandira banu street is Rs 10,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, and it falls under the Mixed Type - II land classification.

How the guideline value of Chandira banu street has changed

The guideline value for Chandira banu street has seen significant changes over the years. In 2003, the value was Rs 663 per sq.ft, which increased to Rs 1,800 per sq.ft in 2007, marking a substantial rise of 171%. The value then jumped to Rs 9,200 per sq.ft in 2012, reflecting a remarkable increase of 411%. However, there was a decrease to Rs 6,164 per sq.ft in 2017, a decline of 33%. The value surged again to Rs 9,200 per sq.ft in 2023, and most recently, it has risen to Rs 10,100 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1423%. It is important to note that there is no figure available for Chandira banu street in the 2002 revision.

Guideline values in Egmore

In Egmore village, 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 guideline value in this area is Rs 7,100 per sq.ft, placing Chandira banu street's 2024 value above the median.

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

Stamp duty and registration fee for property in Chandira banu street

For a 1,000 sq.ft plot at the current guideline value of Rs 10,100 per sq.ft, the total guideline value amounts to Rs 1,01,00,000. The stamp duty at 7% would be Rs 7,07,000, and the registration fee at 2% would be Rs 2,02,000, bringing the total fees to Rs 9,09,000. Please 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 more information.

Which Sub Registrar Office covers Chandira banu street?

The Sub Registrar Office that covers Chandira banu street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

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

When buying or selling property, the guideline value helps in determining the minimum sale price for registration purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Chandira banu street?

The current guideline value of Chandira banu street is Rs 10,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 663 per sq.ft in 2003 to Rs 10,100 per sq.ft in 2024, an increase of 1423% overall.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 1,01,00,000, the stamp duty would be Rs 7,07,000 and the registration fee would be Rs 2,02,000, totaling Rs 9,09,000.

Which Sub Registrar Office is responsible for Chandira banu street?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, is responsible for Chandira banu street.

What is the land classification for Chandira banu street?

Chandira banu street falls under the Mixed Type - II land classification, which indicates a diverse usage of land in the area.