Guideline Value for CHELLA DURAI GARDEN

Chella Durai Garden guideline value

The current guideline value of Chella Durai Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Uthandi village and falls under the Neelankarai SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Chella Durai Garden has changed

In the 2012 revision, the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise from the 2017 figure. The current 2024 revision shows a further increase to Rs 1,100 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Chella Durai Garden's 2024 figure is below this median.

• Chandra Thottam: Rs 1,200 per sq.ft (2024)
• Chengani Amman Koil East Street: Rs 1,700 per sq.ft (2024)
• Chengani Amman Koil West Street: Rs 1,700 per sq.ft (2024)
• B.P.Rajan Salai: Rs 2,800 per sq.ft (2024)
• Colony Gangaiamman Koil Street (E.C.R.): Rs 2,800 per sq.ft (2024)
• Bharathy Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chella Durai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chella Durai Garden?

The Sub Registrar Office that covers Chella Durai Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Chella Durai Garden?

The current guideline value of Chella Durai Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, and then rising to Rs 1,000 per sq.ft in 2023, before reaching Rs 1,100 per sq.ft in 2024.

What is the land classification for Chella Durai Garden?

The land classification for Chella Durai Garden is Residential Class III Type - I.

Which office handles registrations for properties in Uthandi?

The Neelankarai Sub Registrar Office handles registrations for properties in Uthandi. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in Chella Durai Garden?

Stamp duty for properties in Chella Durai Garden is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.