Guideline Value for Chowdri Nagar 10th Street

Chowdri Nagar 10th Street guideline value

The current guideline value of Chowdri Nagar 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Chowdri Nagar 10th Street has changed

The guideline value for Chowdri Nagar 10th Street has seen significant changes over the years. The 2007 revision recorded a guideline value of Rs 650 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking an increase of 515%. The latest revision in 2024 has set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the 2012 figure.

There are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 577%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value of Chowdri Nagar 10th Street is above this median.

• Chowdri Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Chowdri Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Chowdri Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Chowdri Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Chowdri Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Chowdri Nagar 16th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Chowdri Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. 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 details.

Which Sub Registrar Office covers Chowdri Nagar 10th Street?

The Chowdri Nagar 10th Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Chowdri Nagar 10th Street?

The current guideline value of Chowdri Nagar 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly from Rs 650 per sq.ft to Rs 4,400 per sq.ft in 2024, representing an overall increase of 577%.

What are the other streets in Valasaravakkam with the same guideline value?

Other streets in Valasaravakkam with the same guideline value of Rs 4,400 per sq.ft include Chowdri Nagar 11th Street, Chowdri Nagar 12th Street, Chowdri Nagar 13th Street, Chowdri Nagar 14th Street, Chowdri Nagar 15th Street, and Chowdri Nagar 16th Street.

What is the registration fee for properties in Chowdri Nagar 10th Street?

The registration fee for properties in Chowdri Nagar 10th Street is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chowdri Nagar 10th Street?

The Sub Registrar Office that covers Chowdri Nagar 10th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.