Guideline Value for Chandrasekarapuram

Chandrasekarapuram guideline value

The current guideline value of Chandrasekarapuram is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Erandankattalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chandrasekarapuram has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw the guideline value rise again to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the 2024 figure for Chandrasekarapuram.

• Dr. Ambedkar Street/Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Dream Castle: Rs 3,695 per sq.ft (2024)
• Eden Garden Phase I & II: Rs 1,650 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,100 per sq.ft (2024)
• Everest Garden: Rs 1,100 per sq.ft (2024)
• Everest Garden Extn: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrasekarapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. Please note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandrasekarapuram?

The Sub Registrar Office that covers Chandrasekarapuram is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Erandankattalai. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded at a fair value.

During registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chandrasekarapuram?

The current guideline value of Chandrasekarapuram is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and then to Rs 1,100 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Chandrasekarapuram?

Chandrasekarapuram is classified as Residential Class I Type - I. This classification is important for determining the appropriate guideline value for the area.

What are the stamp duty and registration fees for properties in Chandrasekarapuram?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Chandrasekarapuram?

The Pammal Sub Registrar Office handles property registrations in Chandrasekarapuram. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.