Guideline Value for Chokkammal Nagar

Chokkammal Nagar guideline value

The current guideline value of Chokkammal Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village, under the jurisdiction of the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chokkammal Nagar has changed

The guideline value for Chokkammal Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 113 per sq.ft, which increased to Rs 250 per sq.ft in 2007. This marked a significant rise of 121%. The value then surged to Rs 1,900 per sq.ft in 2012, reflecting an increase of 660%. However, it dropped to Rs 1,273 per sq.ft in 2017, a decrease of 33%. The value saw a substantial increase to Rs 1,900 per sq.ft in 2023, followed by a further rise to the current figure of Rs 2,090 per sq.ft in 2024, which is an increase of 10%.

Overall, from 2003 to 2024, the guideline value has increased by 1,750%. The register has no figure for the year 2002 for this street.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft, with a median of Rs 2,090 per sq.ft. Chokkammal Nagar's current guideline value aligns perfectly with this median.

• Chippai Nagar: Rs 2,090 per sq.ft (2024)
• Chinna Pattu Street: Rs 1,980 per sq.ft (2024)
• Chendurpuram Main Road: Rs 3,960 per sq.ft (2024)
• C.T.A. Nagar & Phase I: Rs 1,980 per sq.ft (2024)
• Chandra Nagar: Rs 2,090 per sq.ft (2024)
• Bhaskar Avenue: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Chokkammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total fees to Rs 1,88,100. 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 Chokkammal Nagar?

The Sub Registrar Office that covers Chokkammal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kattupakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When you buy or sell property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. It is essential to be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Chokkammal Nagar?

The current guideline value of Chokkammal Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 113 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, reflecting an overall increase of 1,750% over this period.

What is the registration office for Chokkammal Nagar?

The registration office for Chokkammal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated in Chokkammal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 2,090 per sq.ft, the total stamp duty would be Rs 1,46,300.

What is the land classification for Chokkammal Nagar?

Chokkammal Nagar is classified as Residential Class I Type - I, which indicates its zoning for residential purposes within the area.