Guideline Value for Chandrapuram

Chandrapuram guideline value

The current guideline value of Chandrapuram is Rs 900 per sq.ft, as per the 2023 revision. This area is located in Unamancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Chandrapuram has changed

Over the years, the guideline value of Chandrapuram has undergone several revisions. The oldest recorded revision is from 2007, where the guideline value was Rs 150 per sq.ft. This figure increased significantly to Rs 900 per sq.ft in the 2012 revision, marking a remarkable 500% increase. However, in the 2017 revision, the value dropped to Rs 603 per sq.ft, which is a decrease of 33% from the previous revision.

The most recent revision in 2023 saw the guideline value rise again to Rs 900 per sq.ft, reflecting a 49% increase from the 2017 figure. Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 500%. It is important to note that there are no figures available for the 2002, 2003, and 2024 revisions for this street.

Guideline values in Unamancheri

Currently, there are no specific village figures available for Unamancheri. Chandrapuram is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Chandrapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty, charged at 7%, would amount to Rs 63,000, while the registration fee at 2% would be Rs 18,000. Together, these fees would total Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chandrapuram?

The Sub Registrar Office that covers Chandrapuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Unamancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chandrapuram?

The current guideline value of Chandrapuram is Rs 900 per sq.ft, based on the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 150 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then down to Rs 603 per sq.ft in 2017, and back up to Rs 900 per sq.ft in 2023.

What is the land classification for Chandrapuram?

Chandrapuram is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Chandrapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 63,000.