Guideline Value for Chandra Park-Layout

Chandra Park-Layout guideline value

The current guideline value of Chandra Park-Layout is Rs 1,900 per sq.ft, effective from 1 July 2024. This property is located in Soorapattu village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Chandra Park-Layout has changed

The guideline value of Chandra Park-Layout has seen several revisions over the years. In 2012, the guideline value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. This was a decline of 33%. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

The register has no figure for this street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Soorapattu

In Soorapattu, there are 115 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,100 per sq.ft, with a median value of Rs 1,300 per sq.ft. Chandra Park-Layout's 2024 figure is above this median.

• Brittania Nagar: Rs 1,400 per sq.ft (2024)
• Colony Street: Rs 1,200 per sq.ft (2024)
• Bhavani Amman Koil Street: Rs 1,200 per sq.ft (2024)
• Bharathiyar Street: Rs 1,100 per sq.ft (2024)
• DEE GEE Nagar Anex: Rs 1,900 per sq.ft (2024)
• Bharathidasan Nagar(9th Street): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Park-Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total charges Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandra Park-Layout?

The Sub Registrar Office that covers Chandra Park-Layout is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Soorapattu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to assess the transaction's legitimacy. It helps in preventing undervaluation of properties, thus maintaining transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Chandra Park-Layout?

The current guideline value of Chandra Park-Layout is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification of Chandra Park-Layout?

Chandra Park-Layout is classified as Residential Special Type - II under the current guidelines.

Where can I find the Sub Registrar Office for Chandra Park-Layout?

The Sub Registrar Office for Chandra Park-Layout is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Chandra Park-Layout?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,900 per sq.ft would incur a stamp duty of Rs 1,33,000.