Guideline Value for CHELLAN STREET

Chellan Street guideline value

The current guideline value of Chellan Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO and falls under the Residential Class I Type - III land classification.

How the guideline value of Chellan Street has changed

The guideline value for Chellan Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision, where it was still Rs 2,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no registered figures for the years 2002, 2003, 2007, and 2017 for Chellan Street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Chellan Street's current guideline value is below this median.

• Chavadi Street: Rs 4,400 per sq.ft (2024)
• Chandrasekaran Street: Rs 3,850 per sq.ft (2024)
• Chembers Colony 10th Cross St.: Rs 3,300 per sq.ft (2024)
• Chandra Nagar: Rs 2,100 per sq.ft (2024)
• Chembers Colony 1st Cross St.: Rs 3,300 per sq.ft (2024)
• Chembers Colony 1st Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chellan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for stamp duty and registration would be Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chellan Street?

The Sub Registrar Office that covers Chellan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is referenced to ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Chellan Street?

The current guideline value of Chellan Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,000 per sq.ft from 2012 to 2023 and increased to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

What are the stamp duty and registration fees for properties on Chellan Street?

For a 1,000 sq.ft plot on Chellan Street, the total guideline value is Rs 22,00,000. The stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office is responsible for Chellan Street?

The Pallavaram Sub Registrar Office covers Chellan Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

Are there other streets with different guideline values in Zaminpallavaram?

Yes, there are other streets in Zaminpallavaram with varying guideline values, ranging from Rs 2,100 to Rs 11,000 per sq.ft, with the median being Rs 3,300 per sq.ft.