Guideline Value for Chitrapuram Extn

Chitrapuram Extn guideline value

The current guideline value of Chitrapuram Extn is Rs 800 per sq.ft, as per the 2023 revision. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Chitrapuram Extn has changed

Over the years, the guideline value of Chitrapuram Extn has seen several revisions. The 2007 revision set the value at Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a rise of 400%. However, the 2017 revision saw a decrease to Rs 536 per sq.ft, a drop of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 800 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 400%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Chitrapuram Extn is one of the areas under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Chitrapuram Extn

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, and the registration fee at 2% would be Rs 16,000, leading to a total cost of Rs 72,000. 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 more precise calculations.

Which Sub Registrar Office covers Chitrapuram Extn?

The Gooduvancheri Sub Registrar Office covers Chitrapuram Extn. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

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

When buying or selling a 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 during the sale process.

Frequently asked questions

What is the current guideline value of Chitrapuram Extn?

The current guideline value of Chitrapuram Extn is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023.

What is the land classification for Chitrapuram Extn?

The land classification for Chitrapuram Extn is Residential Special Type - II.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Chitrapuram Extn?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 56,000.