Guideline Value for Dr.Chandra City

Dr.Chandra City guideline value

The current guideline value of Dr.Chandra City is Rs 450 per sq.ft, effective from 1 July 2024. This property is located in Navaloor village, under the Sriperumpudur SRO, and is classified as a New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Dr.Chandra City has changed

Over the years, the guideline value for Dr.Chandra City has seen several revisions. The 2012 revision set the value at Rs 450 per sq.ft, which remained unchanged until the 2023 revision. The 2017 revision marked a decrease to Rs 301 per sq.ft, but the value bounced back to Rs 450 per sq.ft in 2023, maintaining the same value in the 2024 revision as well. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 50% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 450 per sq.ft.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,100 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Dr.Chandra City above this median.

• Dei Gratia Associates: Rs 300 per sq.ft (2024)
• Chinnasamy Nagar: Rs 300 per sq.ft (2024)
• Brindavan Nagar: Rs 200 per sq.ft (2024)
• Bharathi Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 150 per sq.ft (2024)
• Jaisakthi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Chandra City

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total charges to Rs 40,500. The duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Chandra City?

The Sub Registrar Office that covers Dr.Chandra City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Navaloor. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Dr.Chandra City?

The current guideline value of Dr.Chandra City is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 450 per sq.ft in both 2023 and 2024. The value was Rs 301 per sq.ft in 2017 and Rs 450 per sq.ft in 2012.

What is the land classification for Dr.Chandra City?

Dr.Chandra City is classified as a New House Site Type -II (Unapproved Lay-Out).

What are the stamp duty and registration fees for properties in Dr.Chandra City?

For a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 and the registration fee would be Rs 9,000, totaling Rs 40,500.

Where is the Sub Registrar Office for Dr.Chandra City located?

The Sub Registrar Office for Dr.Chandra City is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.