Guideline Value for CHATHIRAM

Chathiram guideline value

The current guideline value of Chathiram in Thandurai village, Avadi SRO, is Rs 988 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Chathiram has changed

The guideline value for Chathiram has undergone several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the most recent 2024 revision has further increased it to Rs 988 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street in the register.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is equal to the current guideline value for Chathiram.

• Chathiram Road: Rs 988 per sq.ft (2024)
• Charles Nagar 1st Cross St: Rs 988 per sq.ft (2024)
• Charcles Nagar: Rs 988 per sq.ft (2024)
• Cheran St: Rs 988 per sq.ft (2024)
• Chitheri Karai: Rs 800 per sq.ft (2024)
• Cholan Nagar: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Chathiram

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, leading to a total of Rs 88,920 for both charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chathiram?

The Sub Registrar Office that covers Chathiram is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thandurai. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is set by the registration department and is updated periodically to reflect changes in the area.

When buying or selling property, it is essential to consider the guideline value as it influences the overall cost of the transaction. Buyers should ensure they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chathiram?

The current guideline value of Chathiram is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Chathiram?

The land classification for Chathiram is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Chathiram?

The Sub Registrar Office for Chathiram is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated in Chathiram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 988 per sq.ft has a guideline value of Rs 9,88,000, leading to a stamp duty of Rs 69,160.