Guideline Value for Chandra Sekar Nagar 5th Street

Chandra Sekar Nagar 5th Street guideline value

The current guideline value of Chandra Sekar Nagar 5th Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Chandra Sekar Nagar 5th Street has changed

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. This figure decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2024 revision, the value saw a significant increase of 58%, bringing it up to Rs 1,900 per sq.ft.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, making the 2024 figure for Chandra Sekar Nagar 5th Street below the median.

• Chandra Sekar Nagar 4th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 6th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 3rd Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 7th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 2nd Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 8th Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Sekar Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to 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, resulting in a total cost of 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandra Sekar Nagar 5th Street?

The Sub Registrar Office that covers Chandra Sekar Nagar 5th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that transactions are conducted transparently.

When buying or selling property, the guideline value is used to calculate applicable stamp duties and registration fees. This helps in maintaining a standard procedure for property transactions in the region.

Frequently asked questions

What is the current guideline value of Chandra Sekar Nagar 5th Street?

The current guideline value of Chandra Sekar Nagar 5th 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 has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, and then increased to Rs 1,900 per sq.ft in 2024.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft, which is higher than the current value of Chandra Sekar Nagar 5th Street.

What are the stamp duty and registration fees for property transactions?

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

Which office handles registrations for Chandra Sekar Nagar 5th Street?

The Madhavaram Sub Registrar Office handles registrations for Chandra Sekar Nagar 5th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.