Guideline Value for Chidambaram Nagar Extn

Chidambaram Nagar Extn guideline value

The current guideline value of Chidambaram Nagar Extn is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Chidambaram Nagar Extn has changed

The guideline value for Chidambaram Nagar Extn has undergone several revisions over the years. In 2007, the value was Rs 148 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, from 2012 to 2017, there was a decrease to Rs 402 per sq.ft. The value then rose to Rs 600 per sq.ft in 2023 and has remained the same in the 2024 revision, indicating no change from the previous year.

In summary, the changes between revisions are as follows: from 2007 to 2012, the value increased by 305%; from 2012 to 2017, it decreased by 33%; and from 2017 to 2023, it increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 305%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kavanur

In Kavanur, there are 109 streets under the Gooduvancheri SRO with a guideline value for 2024 ranging from Rs 500 to Rs 2,239 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value for Chidambaram Nagar Extn is below this median.

• Chidambaram Nagar: Rs 600 per sq.ft (2024)
• CEE.PAA.Athithanar Nagar: Rs 600 per sq.ft (2024)
• BSNL Avenue: Rs 600 per sq.ft (2024)
• Devanshi Nagar: Rs 536 per sq.ft (2024)
• Doctor's Township Part-I: Rs 800 per sq.ft (2024)
• Doctor's Township Part-II: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Chidambaram Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to 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 further assistance.

Which Sub Registrar Office covers Chidambaram Nagar Extn?

The Sub Registrar Office that covers Chidambaram Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kavanur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and compliance with local regulations, protecting both buyers and sellers in the transaction process.

Frequently asked questions

What is the current guideline value of Chidambaram Nagar Extn?

The current guideline value of Chidambaram Nagar Extn is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen fluctuations over the years, with significant increases and decreases. From 2007 to 2012, it increased by 305%, then decreased by 33% from 2012 to 2017, and increased by 49% from 2017 to 2023, remaining the same in 2024.

What is the stamp duty rate for properties in Chidambaram Nagar Extn?

The stamp duty rate for properties in Chidambaram Nagar Extn is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chidambaram Nagar Extn?

The Sub Registrar Office for Chidambaram Nagar Extn is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the median guideline value for streets in Kavanur?

The median guideline value for streets in Kavanur is Rs 800 per sq.ft, while Chidambaram Nagar Extn's guideline value is below this median at Rs 600 per sq.ft.