Guideline Value for CHAITHANAI ESTATE

Chaithanai Estate guideline value

The current guideline value of Chaithanai Estate is Rs 400 per sq.ft. It is located in Sirukadal village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Chaithanai Estate has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft, marking a drop of 33%. The most recent revision in 2023 saw the guideline value rise to Rs 400 per sq.ft again, reflecting an increase of 49% from the 2017 revision.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 400 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Sirukadal

Currently, there are no specific village figures provided for Sirukadal. Chaithanai Estate is one of the areas under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Chaithanai Estate

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chaithanai Estate?

The Sub Registrar Office that covers Chaithanai Estate is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sirukadal. 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 a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that all transactions are fairly assessed and contribute to the local revenue.

Frequently asked questions

What is the current guideline value of Chaithanai Estate?

The current guideline value of Chaithanai Estate is Rs 400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased back to Rs 400 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained unchanged.

What are the stamp duty and registration fees for property in Chaithanai Estate?

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000 and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Chaithanai Estate?

The Tiruvallur Joint 1 Sub Registrar Office covers Chaithanai Estate, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Sirukadal with guideline values?

No specific figures for other streets in Sirukadal have been provided at this time. Chaithanai Estate is currently the focus for guideline value information.