Guideline Value for CHELLAMMAL GARDEN

Chellammal Garden guideline value

The current guideline value of Chellammal Garden is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Thachoor village, under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Residential Special Type - I.

How the guideline value of Chellammal Garden has changed

The guideline value for Chellammal Garden has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 300 per sq.ft, a decrease from the 2023 figure of Rs 600 per sq.ft, reflecting a change of -50%. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2024 revision, the 2023 guideline value was Rs 600 per sq.ft. The earlier years, specifically 2017, 2012, 2007, 2003, and 2002, do not have any recorded figures for this street. Thus, the current value represents a significant change from the previous year's figure.

Guideline values in Thachoor

In Thachoor, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. Chellammal Garden's 2024 figure is below this median.

• K.N.R.Nagar: Rs 400 per sq.ft (2024)
• Lakshmi Avenue: Rs 400 per sq.ft (2024)
• R.C.Modern City: Rs 400 per sq.ft (2024)
• Sai Kannan Homes: Rs 300 per sq.ft (2024)
• Sakthi Sai Nagar Phase II: Rs 400 per sq.ft (2024)
• Sith Krishna Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Chellammal Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chellammal Garden?

The Chellammal Garden area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thachoor. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property in Chellammal Garden, it is essential to be aware of the current guideline value, as it directly influences the costs associated with the transaction. Understanding these values can help buyers and sellers make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Chellammal Garden?

The current guideline value of Chellammal Garden is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 300 per sq.ft in 2024, a decrease of -50%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for property in Chellammal Garden?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Chellammal Garden?

The Ponneri Sub Registrar Office covers Chellammal Garden, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification of Chellammal Garden?

The land classification for Chellammal Garden is Residential Special Type - I, indicating its designated use for residential purposes.