Guideline Value for Chidambaram Nagar

Chidambaram Nagar guideline value

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

How the guideline value of Chidambaram Nagar has changed

Over the years, the guideline value of Chidambaram Nagar has seen several revisions. In the 2007 revision, the value was Rs 148 per sq.ft, which increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a change of +305%. However, from 2012 to 2017, the value decreased to Rs 402 per sq.ft, a decline of -33%. The 2017 revision saw an increase to Rs 600 per sq.ft in 2023, reflecting a +49% change. The latest revision in 2024 maintains the value at Rs 600 per sq.ft, showing no change from the previous year.

The register has no figure for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by +305%.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value in Kavanur is Rs 800 per sq.ft, placing Chidambaram Nagar's 2024 figure below this median.

• Chidambaram Nagar Extn: 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

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, resulting in a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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, Guduvanchery-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 plays a crucial role during the registration of property transactions in Kavanur. It is used to determine the stamp duty and registration fees that buyers and sellers need to pay, ensuring that the government receives the appropriate revenue from property transactions.

When purchasing or selling property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers should ensure that they are prepared for these costs when planning their property transactions.

Frequently asked questions

What is the current guideline value of Chidambaram Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 148 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in both 2023 and 2024.

What is the median guideline value in Kavanur?

The median guideline value in Kavanur is Rs 800 per sq.ft, with Chidambaram Nagar's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Chidambaram Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 54,000, based on the guideline value of Rs 6,00,000.

Which office handles property registration for Chidambaram Nagar?

The Gooduvancheri Sub Registrar Office handles property registration for Chidambaram Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.