Guideline Value for CHELLAMMAL NAGAR

Chellammal Nagar guideline value

The current guideline value of Chellammal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village, under the Thiruporur SRO, and is classified as Mixed Type - II land.

How the guideline value of Chellammal Nagar has changed

Over the years, the guideline value of Chellammal Nagar has seen several revisions. The earliest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. This figure remained the same in the subsequent revision in 2012. However, in 2017, the value decreased to Rs 670 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,000 per sq.ft in 2023, followed by a further increase to Rs 1,100 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thandalam

In Thandalam, there are 26 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 3,275 per sq.ft. The median guideline value in this village is Rs 1,650 per sq.ft, positioning Chellammal Nagar's current value below that median.

• Dasara Bhoomi: Rs 1,650 per sq.ft (2024)
• Dual Pride City: Rs 1,650 per sq.ft (2024)
• Anandham Nagar Extention: Rs 1,478 per sq.ft (2024)
• Anandham Nagar: Rs 1,478 per sq.ft (2024)
• Amar Garden: Rs 1,980 per sq.ft (2024)
• Akshaya Nagar: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Chellammal Nagar

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, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that 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 Chellammal Nagar?

The Sub Registrar Office that covers Chellammal Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in determining the registration fees and stamp duty when buying or selling property in Thandalam. Buyers should be aware that the guideline value serves as a benchmark for the transaction, ensuring that the property is registered at a value that reflects the current market standards set by the Registration Department.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Chellammal Nagar?

The current guideline value of Chellammal Nagar 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Chellammal Nagar?

Chellammal Nagar is classified as Mixed Type - II land, which indicates the nature of development permissible in the area.

Where can I find the Sub Registrar Office for Chellammal Nagar?

The Sub Registrar Office for Chellammal Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chellammal Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000.