Guideline Value for Chozhapuram

Chozhapuram guideline value

The current guideline value of Chozhapuram is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under Ponmar village and is classified as Residential Special Type - II. The relevant Sub Registrar Office for this region is the Gooduvancheri SRO.

How the guideline value of Chozhapuram has changed

The guideline value for Chozhapuram has undergone several revisions over the years. The 2007 revision set the value at Rs 128 per sq.ft, which saw a significant increase in the 2012 revision to Rs 1,000 per sq.ft, marking a rise of 681%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, a decline of 33%. The most recent revision in 2023 brought the value back up to Rs 1,000 per sq.ft, reflecting an increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 681%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. The guideline value of Chozhapuram is Rs 1,000 per sq.ft. There are no other streets in Ponmar under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Chozhapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, leading to a total cost of Rs 90,000. 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 Chozhapuram?

The Sub Registrar Office that covers Chozhapuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ponmar. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded in accordance with government regulations.

When a property is sold, the guideline value serves as a benchmark to calculate the applicable charges. Buyers should be aware that the charges are based on the higher of the guideline value or the actual sale price of the property, ensuring transparency in the transaction.

Frequently asked questions

What is the current guideline value of Chozhapuram?

The current guideline value of Chozhapuram is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 128 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in Chozhapuram?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. This is based on the current guideline value.

Which office handles registrations for Chozhapuram?

The Gooduvancheri Sub Registrar Office is responsible for handling registrations for Chozhapuram. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there other streets in Ponmar with guideline values?

Currently, there are no other streets in Ponmar under the Gooduvancheri SRO listed with guideline values.