Guideline Value for Charlu Street

Charlu Street guideline value

The current guideline value of Charlu Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Charlu Street has changed

The guideline value for Charlu Street has seen several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 173%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, which was a decrease of 33%. The most recent revision in 2023 brought the value back up to Rs 1,500 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 173%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. Therefore, the guideline value of Charlu Street stands as a reference point for this area.

Stamp duty and registration fee for property in Charlu Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, totals Rs 1,05,000, while the registration fee at 2% comes to Rs 30,000. Together, these fees amount to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Charlu Street?

The Sub Registrar Office covering Charlu Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is registered, the guideline value or the sale price, whichever is higher, is considered for calculating the applicable duties. This means that understanding the guideline value is essential for both buyers and sellers to avoid any unexpected costs during the transaction.

Frequently asked questions

What is the current guideline value of Charlu Street?

The current guideline value of Charlu Street is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the land classification of Charlu Street?

Charlu Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.