Guideline Value for CHAT BEEDI LANE

Chat Beedi Lane guideline value

The current guideline value of Chat Beedi Lane is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class III Type - I.

How the guideline value of Chat Beedi Lane has changed

Over the years, the guideline value of Chat Beedi Lane has seen several revisions. The earliest recorded value is from 2012, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then rose to Rs 3,000 per sq.ft in 2023, and finally, it increased to Rs 3,200 per sq.ft in the 2024 revision. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The change from 2023 to 2024 reflects a growth of 7%. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Chat Beedi Lane's 2024 figure above this median.

• Chandrayogi Samadhi (Road) Street: Rs 2,200 per sq.ft (2024)
• Chandra Yogi Samadhi Main Road: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi Hut Area Main Road: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 7th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 6th Street: Rs 2,200 per sq.ft (2024)
• Chandrayogi Samadhi 5th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chat Beedi Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, and the registration fee at 2% would be Rs 64,000. Together, the total cost for these fees would be Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chat Beedi Lane?

The Sub Registrar Office covering Chat Beedi Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the guideline value is used to calculate the applicable fees. It is essential for both parties to be aware of this value to avoid any discrepancies or legal issues during the transaction.

Frequently asked questions

What is the current guideline value of Chat Beedi Lane?

The current guideline value of Chat Beedi Lane is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,200 per sq.ft in 2024.

What is the land classification for Chat Beedi Lane?

Chat Beedi Lane is classified as Residential Class III Type - I under the current guideline value register.

Where can I find the Sub Registrar Office for Chat Beedi Lane?

The Sub Registrar Office for Chat Beedi Lane is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Chat Beedi Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft, the stamp duty would be Rs 2,24,000 based on the current guideline value.