Guideline Value for Chandra Sekar Nagar 3rd Street

Chandra Sekar Nagar 3rd Street guideline value

The current guideline value of Chandra Sekar Nagar 3rd Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Chandra Sekar Nagar 3rd Street has changed

The guideline value for Chandra Sekar Nagar 3rd Street has seen changes over the years. In the 2012 revision, the value was Rs 1,800 per sq.ft. The current 2024 revision shows an increase of 6%, bringing the value to Rs 1,900 per sq.ft.

It is important to note that the register has no figures for this street for the years 2023, 2017, 2007, 2003, and 2002. Therefore, the only revisions available are from 2012 and 2024.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Chandra Sekar Nagar 3rd Street is below this median.

• Chandra Sekar Nagar 2nd Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 4th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 1st Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 5th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 6th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 7th Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Sekar Nagar 3rd Street

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 amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling 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 our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Chandra Sekar Nagar 3rd Street?

The Chandra Sekar Nagar 3rd Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Kodungaiyur. It determines the minimum value at which a property can be registered, ensuring that all transactions are fair and transparent.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal property transactions. Buyers should be aware of the current guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chandra Sekar Nagar 3rd Street?

The current guideline value of Chandra Sekar Nagar 3rd Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,800 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, marking a 6% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the classification of Chandra Sekar Nagar 3rd Street?

Chandra Sekar Nagar 3rd Street is classified as Residential Class III Type - I. This classification affects the guideline value and property transactions in the area.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles all registrations for properties in the area.

How is stamp duty calculated for properties in Chandra Sekar Nagar 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 at 7%.