Guideline Value for Chidambaram Nagar

Chidambaram Nagar guideline value

The current guideline value of Chidambaram Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under Atanancheri village and is classified as Residential Special Type - III, governed by the Gooduvancheri SRO.

How the guideline value of Chidambaram Nagar has changed

The guideline value for Chidambaram Nagar has undergone several revisions over the years. In 2007, the value was Rs 130 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. From 2017 to 2023, the value rose to Rs 800 per sq.ft, and there was no change from 2023 to 2024, maintaining the value at Rs 800 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 515%. The changes between revisions show a 49% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, and a remarkable increase of 515% from 2007 to 2012.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Chidambaram Nagar's 2024 figure above this median.

• Chitra Nagar: Rs 700 per sq.ft (2024)
• Deivanai Nagar: Rs 600 per sq.ft (2024)
• Dhinesh Avenue: Rs 500 per sq.ft (2024)
• Dhorupathi Amman Nagar: Rs 700 per sq.ft (2024)
• Bharath Nagar: Rs 700 per sq.ft (2024)
• Dr.Jayasingh Nagar-I,II: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Chidambaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, while the registration fee at 2% would be Rs 16,000, bringing the total cost to Rs 72,000. It is important to note that 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 Chidambaram Nagar?

The Sub Registrar Office that covers Chidambaram Nagar 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 Atanancheri

The guideline value plays a crucial role in property transactions in Atanancheri. It serves as a benchmark for calculating the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must refer to the guideline value to understand the financial implications of their transactions.

When registering a property, the guideline value is used to ensure that the transaction is documented accurately and that the appropriate taxes are paid. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chidambaram Nagar?

The current guideline value of Chidambaram Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, increasing from Rs 130 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreasing to Rs 536 per sq.ft in 2017, and finally stabilizing at Rs 800 per sq.ft from 2023 to 2024.

What are the other streets in Atanancheri and their guideline values?

Other streets in Atanancheri include Chitra Nagar at Rs 700 per sq.ft, Deivanai Nagar at Rs 600 per sq.ft, Dhinesh Avenue at Rs 500 per sq.ft, Dhorupathi Amman Nagar at Rs 700 per sq.ft, Bharath Nagar at Rs 700 per sq.ft, and Dr.Jayasingh Nagar-I,II at Rs 700 per sq.ft, all as per the 2024 revision.

What is the stamp duty for property in Chidambaram Nagar?

The stamp duty for property in Chidambaram Nagar is 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,00,000 would incur a stamp duty of Rs 56,000.

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

The Sub Registrar Office for Chidambaram Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find more information online.