Guideline Value for Chandu street

Chandu street guideline value

The current guideline value of Chandu street in Thirupachur village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of Chandu street has changed

The guideline value for Chandu street has undergone several revisions over the years. In 2007, the guideline value was Rs 50 per sq.ft, which saw a significant increase to Rs 550 per sq.ft in 2012. However, it then decreased to Rs 368 per sq.ft in 2017. The value remained at Rs 550 per sq.ft from 2017 until the latest revision in 2024.

From 2017 to 2023, the value increased by 49%, and from 2012 to 2017, it decreased by 33%. Notably, the guideline value increased dramatically from 2007 to 2012 by 1000%. Overall, from 2007 to 2024, the increase is also 1000%. The register has no figure for Chandu street for the years 2002 and 2003.

Guideline values in Thirupachur

In Thirupachur, there are 19 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft, with the median value being Rs 550 per sq.ft. Chandu street's 2024 figure aligns with this median.

• Bramanar street: Rs 1,500 per sq.ft (2024)
• Bazar street: Rs 2,000 per sq.ft (2024)
• J. J.Nagar: Rs 400 per sq.ft (2024)
• Kadai street: Rs 1,000 per sq.ft (2024)
• Kosa street: Rs 550 per sq.ft (2024)
• Kottai Colony: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Chandu street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. 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 details.

Which Sub Registrar Office covers Chandu street?

The Sub Registrar Office that covers Chandu street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thirupachur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the buying or selling process.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations associated with the transaction. It is important to consider the guideline value when planning any property dealings in the area.

Frequently asked questions

What is the current guideline value of Chandu street?

The current guideline value of Chandu street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chandu street has changed from Rs 50 per sq.ft in 2007 to Rs 550 per sq.ft in 2012, then decreased to Rs 368 per sq.ft in 2017, and remained at Rs 550 per sq.ft until the current revision in 2024.

What is the land classification for Chandu street?

Chandu street is classified as Residential Class II Type - II under the guideline value register.

Where can I find the registration office for Chandu street?

The registration office for Chandu street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Thirupachur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. This ensures that the fees reflect the true value of the property being registered.