Guideline Value for Chitrapuram

Chitrapuram guideline value

The current guideline value of Chitrapuram is Rs 800 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Chitrapuram has changed

Over the years, the guideline value for Chitrapuram 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 400% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a drop of 33% from the previous revision.

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 2007 to 2023, the guideline value has increased by 400%.

Guideline values in Vengadamangalam

Chitrapuram is one of the streets in Vengadamangalam, which is under the jurisdiction of the Gooduvancheri SRO. Currently, there are no specific village figures provided for this area.

Stamp duty and registration fee for property in Chitrapuram

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 fees to 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 our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Chitrapuram?

The Sub Registrar Office that covers Chitrapuram 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 Vengadamangalam

The guideline value is a crucial factor when registering a property in Vengadamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence negotiations and the final sale price. It is essential for buyers to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Chitrapuram?

The current guideline value of Chitrapuram 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 finally returned to Rs 800 per sq.ft in 2023.

What is the land classification for Chitrapuram?

Chitrapuram is classified as Residential Special Type - II under the guideline value register.

Where is the Gooduvancheri SRO located?

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

How is stamp duty calculated in Chitrapuram?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 8,00,000 would incur a stamp duty of Rs 56,000.