Guideline Value for Chidambaranar Street

Chidambaranar Street guideline value

The current guideline value of Chidambaranar Street in Kodambakkam village is Rs 4,900 per sq.ft, effective from 1 July 2024. This street falls under the Ashok Nagar SRO and is classified as Residential Class III Type - II.

How the guideline value of Chidambaranar Street has changed

The guideline value for Chidambaranar Street has seen significant revisions over the years. In the 2007 revision, the value was Rs 1,210 per sq.ft, which increased to Rs 3,015 per sq.ft in 2017, marking a change of +149%. The 2023 revision set the value at Rs 4,500 per sq.ft, a further increase of +49% from the previous revision. The current 2024 revision reflects a guideline value of Rs 4,900 per sq.ft, which is a +9% increase from 2023.

There are no figures available for the years 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by +305%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is the same as the current value for Chidambaranar Street.

• Chidambaram Street (S.V) (JPT): Rs 4,900 per sq.ft (2024)
• Chetty Street: Rs 4,900 per sq.ft (2024)
• Cheran Street (Parri Nagar): Rs 5,500 per sq.ft (2024)
• Cheran Street (MGR Nagar): Rs 3,300 per sq.ft (2024)
• Chippaithottam 1st Street: Rs 4,100 per sq.ft (2024)
• Chippaithottam 2nd Street: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chidambaranar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. The duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chidambaranar Street?

Chidambaranar Street is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the transaction is recorded accurately and fairly in the official registers. This value is essential for compliance with local regulations and for determining the financial obligations associated with the sale.

Frequently asked questions

What is the current guideline value of Chidambaranar Street?

The current guideline value of Chidambaranar Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of +305% over the years.

What are the stamp duty and registration fees for property in Chidambaranar Street?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000, and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which Sub Registrar Office covers Chidambaranar Street?

Chidambaranar Street is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Chidambaranar Street?

Chidambaranar Street is classified as Residential Class III Type - II.