Guideline Value for Chandrasekarapuram 2nd Street

Chandrasekarapuram 2nd Street guideline value

The current guideline value of Chandrasekarapuram 2nd Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Chandrasekarapuram 2nd Street has changed

The guideline value for Chandrasekarapuram 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 2,479 per sq.ft. Following this, the value increased significantly to Rs 3,700 per sq.ft in 2023, and finally, it reached Rs 4,000 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing the 2024 figure for Chandrasekarapuram 2nd Street above this median.

• Chandrasekarapuram 1st Street: Rs 4,000 per sq.ft (2024)
• Chandrasekarapuram 3rd Street: Rs 4,000 per sq.ft (2024)
• Chandrasekarapuram 4th Street: Rs 4,000 per sq.ft (2024)
• Chandrasekarapuram Rajiv Gandhi Street: Rs 4,000 per sq.ft (2024)
• Casagrande Athens: Rs 8,209 per sq.ft (2024)
• Chinasamy sasthri Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrasekarapuram 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty, calculated at 7%, would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, bringing the total fees to Rs 3,60,000. 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 Chandrasekarapuram 2nd Street?

The Sub Registrar Office that covers Chandrasekarapuram 2nd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ambattur. 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 sold, the guideline value is considered to ensure that the transaction reflects the fair value of the property. Buyers and sellers must be aware of the guideline value to accurately calculate the associated costs of the sale.

Frequently asked questions

What is the current guideline value of Chandrasekarapuram 2nd Street?

The current guideline value of Chandrasekarapuram 2nd Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being an increase from Rs 3,700 per sq.ft in 2023 to Rs 4,000 per sq.ft in 2024. The value also decreased from Rs 3,700 in 2012 to Rs 2,479 in 2017 before rising again.

What is the land classification of Chandrasekarapuram 2nd Street?

Chandrasekarapuram 2nd Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 and the registration fee would be Rs 80,000, totaling Rs 3,60,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chandrasekarapuram 2nd Street located?

The Sub Registrar Office for Chandrasekarapuram 2nd Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.