Guideline Value for Chandrayan Nagar

Chandrayan Nagar guideline value

The current guideline value of Chandrayan Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Kannanthangal village under the Sriperumpudur SRO, classified as a New House Site Type -III (Approved Lay-Out).

How the guideline value of Chandrayan Nagar has changed

Over the years, the guideline value for Chandrayan Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50% to Rs 250 per sq.ft, and this value has been consistent through the 2024 revision as well, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. In summary, the guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, despite fluctuations in earlier years.

Guideline values in Kannanthangal

Kannanthangal village has 22 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 100 to Rs 900 per sq.ft. The median value is Rs 110 per sq.ft, making the current value of Chandrayan Nagar above that median.

• Bajanai Koil Street: Rs 126 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 110 per sq.ft (2024)
• Bajanai Koil Cross Street: Rs 110 per sq.ft (2024)
• Anna Street: Rs 110 per sq.ft (2024)
• Gangaiymman Koil Street: Rs 110 per sq.ft (2024)
• Angalamman Koil Street: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Chandrayan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chandrayan Nagar?

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

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

The guideline value is a crucial factor in the registration process for property transactions in Kannanthangal. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, both the buyer and seller must be aware of the guideline value, as it affects the overall costs involved in the transaction. This value is used to calculate the applicable duties and fees during the registration process.

Frequently asked questions

What is the current guideline value of Chandrayan Nagar?

The current guideline value of Chandrayan Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a decrease to Rs 167 per sq.ft in 2017 and an increase back to Rs 250 per sq.ft by 2023.

What is the land classification of Chandrayan Nagar?

Chandrayan Nagar is classified as a New House Site Type -III (Approved Lay-Out).

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

The Sub Registrar Office for Chandrayan Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for property in Chandrayan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 17,500.