Guideline Value for Chirpi Naagar I & II

Chirpi Naagar I & II guideline value

The current guideline value of Chirpi Naagar I & II is Rs 1,500 per sq.ft. This property is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Chirpi Naagar I & II has changed

Over the years, the guideline value for Chirpi Naagar I & II has seen several revisions. The most recent revision in 2024 maintains the value at Rs 1,500 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 1,005 per sq.ft. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures listed for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a consistent increase of 49%, reflecting the same value in the most recent revisions.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, making Chirpi Naagar I & II's guideline value equal to this median.

• Chellappa Colony: Rs 2,001 per sq.ft (2024)
• Chakarabani Street: Rs 2,001 per sq.ft (2024)
• Defence Colony: Rs 1,500 per sq.ft (2024)
• Devaraj Naikkar Street: Rs 1,200 per sq.ft (2024)
• Devi Nagar: Rs 1,100 per sq.ft (2024)
• Dharmaraja Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chirpi Naagar I & II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total fees Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chirpi Naagar I & II?

The Sub Registrar Office that covers Chirpi Naagar I & II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Gooduvancheri. It serves as the minimum value for property transactions and is used to calculate the stamp duty and registration fees applicable at the time of registration.

When a property is sold, the sale price must be at least equal to the guideline value. If the sale price is lower than the guideline value, the duty will be calculated based on the guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Chirpi Naagar I & II?

The current guideline value of Chirpi Naagar I & II is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,500 per sq.ft from 2023 to 2024. It increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, marking a 49% increase over that period.

What other streets in Gooduvancheri have similar guideline values?

Other streets in Gooduvancheri include Defence Colony, which also has a guideline value of Rs 1,500 per sq.ft, while Chellappa Colony and Chakarabani Street are valued higher at Rs 2,001 per sq.ft.

What are the fees associated with buying property in Chirpi Naagar I & II?

The total fees for a 1,000 sq.ft plot at the current guideline value would include a stamp duty of Rs 1,05,000 and a registration fee of Rs 30,000, totaling Rs 1,35,000.

Where can I find the Sub Registrar Office for Chirpi Naagar I & II?

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