Guideline Value for DR.CHANDRASEKAR NAGAR

Dr.Chandrasekar Nagar guideline value

The current guideline value of Dr.Chandrasekar Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Vilvarayanalloor village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Dr.Chandrasekar Nagar has changed

The guideline value for Dr.Chandrasekar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, the value increased significantly in the 2023 revision to Rs 200 per sq.ft, maintaining the same figure in the 2024 revision, reflecting a 49% increase from 2017 to 2023.

In summary, the guideline value has fluctuated over the years, with the 2012 to 2017 period showing a decrease of 33%. Overall, from 2012 to 2024, the value has remained constant at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilvarayanalloor

In Vilvarayanalloor, there are 23 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 101 to Rs 300 per sq.ft. The median value among these streets is Rs 200 per sq.ft, which aligns with the guideline value of Dr.Chandrasekar Nagar.

• B.S.Nagar: Rs 101 per sq.ft (2024)
• Iswaryam Nagar Phase-I: Rs 200 per sq.ft (2024)
• Iswaryam Nagar Phase - II: Rs 200 per sq.ft (2024)
• Iswaryam Nagar Phase-III: Rs 200 per sq.ft (2024)
• Iswaryam Nagar Phase-IV: Rs 200 per sq.ft (2024)
• Iswaryam Nagar Phase-V: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Chandrasekar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Chandrasekar Nagar?

The Sub Registrar Office that covers Dr.Chandrasekar Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vilvarayanalloor. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and helps in avoiding undervaluation of properties during transactions.

Frequently asked questions

What is the current guideline value of Dr.Chandrasekar Nagar?

The current guideline value of Dr.Chandrasekar Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, it remains at Rs 200 per sq.ft.

What are the other streets in Vilvarayanalloor?

Other streets in Vilvarayanalloor include B.S.Nagar, Iswaryam Nagar Phase-I, Phase-II, Phase-III, Phase-IV, and Phase-V, with guideline values ranging from Rs 101 to Rs 200 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total charges would be Rs 18,000.

Which office handles registrations for Dr.Chandrasekar Nagar?

The Madurandakam Sub Registrar Office handles registrations for Dr.Chandrasekar Nagar, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.