Guideline Value for Chandra Sekar Nagar 7th Street

Chandra Sekar Nagar 7th Street guideline value

The current guideline value of Chandra Sekar Nagar 7th 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 7th Street has changed

The guideline value for Chandra Sekar Nagar 7th Street has undergone revisions over the years. In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. The latest revision in 2024 has increased this value to Rs 1,900 per sq.ft, marking a change of +6% from the 2012 figure.

There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street in the register.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value is Rs 2,700 per sq.ft, indicating that the guideline value for Chandra Sekar Nagar 7th Street is below this median.

• Chandra Sekar Nagar 6th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 8th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 5th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 9th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 4th Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 3rd Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chandra Sekar Nagar 7th 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 fees to 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 accurate calculations.

Which Sub Registrar Office covers Chandra Sekar Nagar 7th Street?

The Sub Registrar Office that covers Chandra Sekar Nagar 7th Street is 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 a crucial factor when registering property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures transparency and standardization in property transactions, helping to prevent undervaluation and ensuring that appropriate taxes are collected.

Frequently asked questions

What is the current guideline value of Chandra Sekar Nagar 7th Street?

The current guideline value of Chandra Sekar Nagar 7th 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 change of +6%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value in Kodungaiyur?

The median guideline value in Kodungaiyur is Rs 2,700 per sq.ft. The guideline value for Chandra Sekar Nagar 7th Street is below this median.

What are the stamp duty and registration fees for property in Chandra Sekar Nagar 7th Street?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is 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 is the Sub Registrar Office for Chandra Sekar Nagar 7th Street located?

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