Guideline Value for CHARLESS NAGAR/STREETS/CROSS STREETS

Charless Nagar/Streets/Cross Streets guideline value

The current guideline value for Charless Nagar/Streets/Cross Streets is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Charless Nagar/Streets/Cross Streets has changed

The guideline value for Charless Nagar/Streets/Cross Streets has undergone several revisions over the years. The 2007 revision set the value at Rs 500 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in the 2012 revision. However, there was a decrease to Rs 938 per sq.ft in the 2017 revision. The value then rose to Rs 1,400 per sq.ft in the 2023 revision, and most recently, it has increased to Rs 1,500 per sq.ft in the 2024 revision, reflecting a 7% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 200%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. Charless Nagar/Streets/Cross Streets has a guideline value below this median.

• Chairman T.K.P . Nagar: Rs 3,700 per sq.ft (2024)
• Cauvery Nagar: Rs 3,300 per sq.ft (2024)
• CHINNAMETTUPALAYAM Nagar/ Streets: Rs 3,300 per sq.ft (2024)
• B.Sathanthapuram: Rs 2,800 per sq.ft (2024)
• C.R. Vedachalam Nagar: Rs 3,300 per sq.ft (2024)
• Bharathi Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Charless Nagar/Streets/Cross Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Charless Nagar/Streets/Cross Streets?

The Sub Registrar Office that covers Charless Nagar/Streets/Cross Streets is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

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

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Charless Nagar/Streets/Cross Streets?

The current guideline value of Charless Nagar/Streets/Cross Streets is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 200% over the years.

What are the stamp duty and registration fees for property in Charless Nagar?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Charless Nagar?

The Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019, covers Charless Nagar/Streets/Cross Streets.

What is the median guideline value for streets in Thiruvottiyur?

The median guideline value for streets in Thiruvottiyur is Rs 3,300 per sq.ft, while Charless Nagar/Streets/Cross Streets has a guideline value below this median.