Guideline Value for Chandra Sekar Nagar 4th Street

Chandra Sekar Nagar 4th Street guideline value

The current guideline value of Chandra Sekar Nagar 4th Street is Rs 1,900 per sq.ft. This street is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Chandra Sekar Nagar 4th Street has changed

Looking at the revisions, the guideline value for Chandra Sekar Nagar 4th Street was last updated in 2024, where it is set at Rs 1,900 per sq.ft. Prior to this, the 2012 revision recorded a guideline value of Rs 1,800 per sq.ft, indicating a change of +6% from 2012 to 2024.

The register has no figure for Chandra Sekar Nagar 4th Street for the years 2023, 2017, 2007, 2003, and 2002. Therefore, the only revisions with recorded figures 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 for Chandra Sekar Nagar 4th Street is below this median.

• Chandra Sekar Nagar 3rd Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 5th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 2nd Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 6th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 1st 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 4th 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, bringing the total to Rs 1,71,000. It is important to note that the 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 Chandra Sekar Nagar 4th Street?

The Sub Registrar Office that covers Chandra Sekar Nagar 4th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay during the property registration process.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chandra Sekar Nagar 4th Street?

The current guideline value of Chandra Sekar Nagar 4th Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

Since the last revision in 2012, the guideline value has increased by +6%, from Rs 1,800 per sq.ft to Rs 1,900 per sq.ft in 2024.

What is the land classification for Chandra Sekar Nagar 4th Street?

The land classification for Chandra Sekar Nagar 4th Street is Residential Class III Type - I.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Where can I find the Sub Registrar Office for Chandra Sekar Nagar 4th Street?

The Madhavaram Sub Registrar Office, which covers Chandra Sekar Nagar 4th Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.