Guideline Value for Dr.Varadarajan Street

Dr.Varadarajan Street guideline value

The current guideline value of Dr.Varadarajan Street is Rs 4,125 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village, under the Chengleput Joint I SRO, and is classified as Residential Special Type - III.

How the guideline value of Dr.Varadarajan Street has changed

The guideline value for Dr.Varadarajan Street has seen several revisions since 2007. In 2007, the guideline value was Rs 501 per sq.ft, which increased significantly to Rs 3,750 per sq.ft in 2012, marking a rise of 649%. However, this value then decreased to Rs 2,512 per sq.ft in 2017, reflecting a decline of 33%. The value continued to rise, reaching Rs 3,750 per sq.ft in 2023, and then increased by 10% to the current value of Rs 4,125 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for Dr.Varadarajan Street. Overall, from 2007 to 2024, the guideline value has increased by 723%.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,025 per sq.ft, placing Dr.Varadarajan Street's current value above this median.

• Ekambaram Avenue Phase-I: Rs 3,025 per sq.ft (2024)
• Ekambaram Avenue Phase-II: Rs 3,025 per sq.ft (2024)
• Eswaran Koil Street: Rs 4,400 per sq.ft (2024)
• Devadoss Street: Rs 4,125 per sq.ft (2024)
• Councilor Devarajanar Street: Rs 4,125 per sq.ft (2024)
• Chinnamaniyakara Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Varadarajan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,125 per sq.ft, the total guideline value would be Rs 41,25,000. The stamp duty at 7% would amount to Rs 2,88,750, and the registration fee at 2% would be Rs 82,500, bringing the total cost to Rs 3,71,250. 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 on your property transactions.

Which Sub Registrar Office covers Dr.Varadarajan Street?

The Sub Registrar Office covering Dr.Varadarajan Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Chengalpattu Town. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial implications of their transactions. It is essential to refer to the latest guideline values to ensure compliance with the registration process.

Frequently asked questions

What is the current guideline value of Dr.Varadarajan Street?

The current guideline value of Dr.Varadarajan Street is Rs 4,125 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 501 per sq.ft in 2007 to Rs 4,125 per sq.ft in 2024, reflecting an overall increase of 723% over the years.

What are the other guideline values in Chengalpattu Town?

Other streets in Chengalpattu Town have guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 3,025 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same value.

Where can I find the Sub Registrar Office for Dr.Varadarajan Street?

The Sub Registrar Office for Dr.Varadarajan Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.