Guideline Value for Chandra Nagar

Chandra Nagar guideline value

The current guideline value of Chandra Nagar, located in Kattupakkam village under the Kunrathur SRO, is Rs 2,090 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Chandra Nagar has changed

The guideline value for Chandra Nagar has undergone several revisions over the years. In 2003, the value was Rs 59 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2007. Following this, the value rose to Rs 1,900 per sq.ft in 2012, before decreasing to Rs 1,273 per sq.ft in 2017. The subsequent revision in 2023 saw the guideline value increase to Rs 1,900 per sq.ft, and the most recent revision in 2024 set it at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

Overall, the changes between revisions show a remarkable increase, with a total rise of 3442% from the 2003 figure to the current value in 2024. The register does not have a figure for the year 2002 for this street.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, which is equal to the guideline value of Chandra Nagar.

• Chendurpuram Main Road: Rs 3,960 per sq.ft (2024)
• Chinna Pattu Street: Rs 1,980 per sq.ft (2024)
• Chippai Nagar: Rs 2,090 per sq.ft (2024)
• Chokkammal Nagar: Rs 2,090 per sq.ft (2024)
• Bhaskar Avenue: Rs 2,090 per sq.ft (2024)
• C.T.A. Nagar & Phase I: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, totaling Rs 1,88,100. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandra Nagar?

Chandra Nagar falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find more information about your SRO, you can find your SRO.

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

The guideline value is a crucial factor in the registration process of property transactions in Kattupakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties in the transaction are aware of the financial obligations involved, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Chandra Nagar?

The current guideline value of Chandra Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen significant changes, increasing from Rs 59 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 3442%.

What is the median guideline value in Kattupakkam?

The median guideline value in Kattupakkam is Rs 2,090 per sq.ft, which is the same as the current value for Chandra Nagar.

What are the stamp duty and registration fees for a property in Chandra Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,46,300 and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.