Guideline Value for Chandrasekaran Nagar

Chandrasekaran Nagar guideline value

The current guideline value of Chandrasekaran Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Chandrasekaran Nagar has changed

The guideline value for Chandrasekaran Nagar has undergone revisions over the years. In the 2012 revision, the value was Rs 2,500 per sq.ft. The most recent 2024 revision increased this to Rs 2,700 per sq.ft, marking an increase of 8% from the 2012 figure. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

To summarize the changes, the guideline value rose from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024. This increase reflects the adjustments made in the guideline value register over the years, with the 2024 figure being the most current and applicable.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value. The values range from Rs 1,900 to Rs 4,000 per sq.ft, with the median being Rs 2,700 per sq.ft. The guideline value for Chandrasekaran Nagar is equal to this median.

• Chandran Street (Gandhi Nagar): Rs 2,200 per sq.ft (2024)
• Chandran Street 7th Lane (Teacher's Colony): Rs 2,700 per sq.ft (2024)
• Chandran Cross Street (Teacher's Colony): Rs 2,700 per sq.ft (2024)
• Chandra Sekar Nagar 1st Street: Rs 1,900 per sq.ft (2024)
• Chandra Sekar Nagar 2nd 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 Chandrasekaran Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. 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 detailed calculations.

Which Sub Registrar Office covers Chandrasekaran Nagar?

The Sub Registrar Office that covers Chandrasekaran Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kodungaiyur, as it determines the minimum value at which a property can be registered. When a property transaction occurs, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all legal requirements are met during the registration process.

Frequently asked questions

What is the current guideline value of Chandrasekaran Nagar?

The current guideline value of Chandrasekaran Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, which is an 8% increase. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for a property in Chandrasekaran Nagar?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Chandrasekaran Nagar?

The Madhavaram Sub Registrar Office handles property registrations for Chandrasekaran Nagar. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value determined for properties in Kodungaiyur?

The guideline value for properties in Kodungaiyur is determined by the Registration Department's guideline value register. It reflects the minimum value for property transactions and is revised periodically to align with market conditions.