Guideline Value for Chandran Nagar

Chandran Nagar guideline value

The current guideline value of Chandran Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This locality is situated in Vallam_B village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Chandran Nagar has changed

Over the years, the guideline value of Chandran Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 600 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

When examining the changes, there was no increase from 2023 to 2024, maintaining a steady rate of Rs 600 per sq.ft. However, from 2017 to 2023, there was a significant increase of 79%, resulting in the overall change from 2017 to 2024 also being 79%.

Guideline values in Vallam_B

In Vallam_B, there are 73 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value for Chandran Nagar is above this median.

• Casa Grande: Rs 600 per sq.ft (2024)
• B.K. Rajiv Town: Rs 200 per sq.ft (2024)
• Deepalaxmi Nagar: Rs 400 per sq.ft (2024)
• Dream Park Greenland: Rs 400 per sq.ft (2024)
• D.R.R.Nagar: Rs 200 per sq.ft (2024)
• D.R.R.Nagar 1st Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chandran Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandran Nagar?

The Sub Registrar Office that covers Chandran Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vallam_B. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the financial implications of the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue based on the established values for different localities, including Chandran Nagar.

Frequently asked questions

What is the current guideline value of Chandran Nagar?

The current guideline value of Chandran Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 79%, rising from Rs 335 per sq.ft to Rs 600 per sq.ft in 2024.

What are the guideline values for other streets in Vallam_B?

Other streets in Vallam_B have varying guideline values ranging from Rs 150 to Rs 1,950 per sq.ft, with a median value of Rs 400 per sq.ft.

What is the registration fee for property in Chandran Nagar?

The registration fee is calculated based on the guideline value or sale price, whichever is higher. For a property valued at Rs 6,00,000, the registration fee at 2% would be Rs 12,000.

Where can I find the Sub Registrar Office for Chandran Nagar?

The Sub Registrar Office for Chandran Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details on how to locate your SRO online.