Guideline Value for Dr.CHOWDAPPA NAGAR PHASE - II

Dr.CHOWDAPPA NAGAR PHASE - II guideline value

The current guideline value of Dr.CHOWDAPPA NAGAR PHASE - II is Rs 2,860 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village and falls under the Pammal SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Dr.CHOWDAPPA NAGAR PHASE - II has changed

The guideline value for Dr.CHOWDAPPA NAGAR PHASE - II has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 1,742 per sq.ft. With the 2024 revision, it increased to Rs 2,860 per sq.ft, marking a change of +64% from the previous figure.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. Therefore, the only available revisions are from 2017 to 2024.

Guideline values in Kerugambakkam

Kerugambakkam has a total of 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that the 2024 value for Dr.CHOWDAPPA NAGAR PHASE - II is above this median.

• Dr.Ambethkar Street (ward 9): Rs 1,650 per sq.ft (2024)
• Dr.Ambethkar Street (ward 2): Rs 1,650 per sq.ft (2024)
• Dr.Ambethkar Nagar: Rs 1,650 per sq.ft (2024)
• Easwari Nagar: Rs 1,980 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,980 per sq.ft (2024)
• Eswari Garden: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.CHOWDAPPA NAGAR PHASE - II

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value would be Rs 28,60,000. The stamp duty at 7% would amount to Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total to Rs 2,57,400. Please note that stamp duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.CHOWDAPPA NAGAR PHASE - II?

The Sub Registrar Office that covers Dr.CHOWDAPPA NAGAR PHASE - II is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Kerugambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Dr.CHOWDAPPA NAGAR PHASE - II?

The current guideline value of Dr.CHOWDAPPA NAGAR PHASE - II is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,742 per sq.ft in 2017 to Rs 2,860 per sq.ft in 2024, reflecting an increase of +64%.

What is the land classification for Dr.CHOWDAPPA NAGAR PHASE - II?

The land classification for Dr.CHOWDAPPA NAGAR PHASE - II is Commercial Class I Type - I.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Dr.CHOWDAPPA NAGAR PHASE - II?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 2,00,200.