Guideline Value for Chandramouleeswarar Temple

Chandramouleeswarar Temple guideline value

The current guideline value for the Chandramouleeswarar Temple, located in Thirumangalam village under the AnnaNagar SRO, is Rs 13,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Chandramouleeswarar Temple has changed

Over the years, the guideline value for the Chandramouleeswarar Temple has seen significant changes. In the 2007 revision, the value was Rs 2,500 per sq.ft, which increased dramatically to Rs 12,000 per sq.ft in the 2012 revision, marking a rise of 380%. However, the value then decreased to Rs 8,040 per sq.ft in the 2017 revision, a drop of 33%. The 2023 revision brought the value back up to Rs 12,000 per sq.ft, and the most recent 2024 revision set it at Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year.

To summarize the revisions: from 2017 to 2023, the value increased by 49%. The overall change from 2007 to 2024 is a substantial increase of 428%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thirumangalam

In Thirumangalam, there are 149 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. The guideline value for Chandramouleeswarar Temple is above this median.

• Chaithanya Apartments: Rs 13,200 per sq.ft (2024)
• CPWD Quarters: Rs 11,500 per sq.ft (2024)
• Bharathidasan Street: Rs 3,300 per sq.ft (2024)
• Bajanai Koil Street: Rs 3,300 per sq.ft (2024)
• Asiad Colony (Near J.N.Road): Rs 13,200 per sq.ft (2024)
• Gandhi Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chandramouleeswarar Temple

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, together totaling Rs 11,88,000. 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 details.

Which Sub Registrar Office covers Chandramouleeswarar Temple?

The Chandramouleeswarar Temple is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thirumangalam. It is used to determine the amount of stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware that the guideline value is the basis for calculating these fees, ensuring compliance with local regulations.

When purchasing property, it is essential to consider the guideline value as it reflects the official valuation of the property. This value can impact the overall cost of the transaction, making it a vital factor for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value for Chandramouleeswarar Temple?

The current guideline value for Chandramouleeswarar Temple is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,500 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of 428% over the years.

What is the land classification for the area around Chandramouleeswarar Temple?

The land classification for the area around Chandramouleeswarar Temple is Mixed Type - II.

What is the registration office for properties in Thirumangalam?

The registration office for properties in Thirumangalam is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Thirumangalam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 1,32,00,000 would incur a stamp duty of Rs 9,24,000 at 7%.