Guideline Value for Chandran Devanesan Street

Chandran Devanesan Street guideline value

The current guideline value of Chandran Devanesan Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chandran Devanesan Street has changed

The guideline value for Chandran Devanesan Street has undergone several revisions over the years. In 2002, the value was Rs 293 per sq.ft, which increased to Rs 361 per sq.ft in 2003. Following that, the value rose to Rs 500 per sq.ft in 2007, marking a significant increase of 39%. The 2012 revision saw the value at Rs 2,000 per sq.ft, a notable jump of 300% from the previous figure. However, this was followed by a decrease of 33% to Rs 1,340 per sq.ft in 2017. The value continued to rise, reaching Rs 2,000 per sq.ft in 2023, and finally, it is now Rs 2,200 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 651%. There are no years in the register with missing figures for this street.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which means that the 2024 figure for Chandran Devanesan Street is below that median.

• Chandran Devanesan Lane: Rs 2,200 per sq.ft (2024)
• Chandrapathy Nagar: Rs 1,320 per sq.ft (2024)
• Chandrapuri Nagar: Rs 2,200 per sq.ft (2024)
• Cenwar Nagar: Rs 2,200 per sq.ft (2024)
• Brindavan Nagar: Rs 2,200 per sq.ft (2024)
• Brindavan Colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Chandran Devanesan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandran Devanesan Street?

The Sub Registrar Office that covers Chandran Devanesan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Chandran Devanesan Street?

The current guideline value of Chandran Devanesan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 293 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 651% over the years.

What is the land classification for Chandran Devanesan Street?

Chandran Devanesan Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for Chandran Devanesan Street?

The Sub Registrar Office for Chandran Devanesan Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.