Guideline Value for CHELLIAMMAN KOIL ST, GANDHI NAGAR

Chelliamman Koil St, Gandhi Nagar guideline value

The current guideline value of Chelliamman Koil St, Gandhi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Chelliamman Koil St, Gandhi Nagar has changed

The guideline value for Chelliamman Koil St has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision, marking a decrease of 33%. However, the value increased significantly to Rs 1,800 per sq.ft in the 2023 revision and further rose to Rs 1,980 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

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

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft as of 2024. The median guideline value in this area is Rs 2,530 per sq.ft, placing the 2024 figure for Chelliamman Koil St below that median.

• Chelliamman Koil St, Yasodha Nagar: Rs 1,980 per sq.ft (2024)
• Chelliyamman Koil Street(Sivan Koil Street): Rs 1,980 per sq.ft (2024)
• Chakrapani St, Gandhi Nagar: Rs 2,200 per sq.ft (2024)
• Chittheri Quarters: Rs 2,160 per sq.ft (2024)
• Cmrd Road: Rs 3,300 per sq.ft (2024)
• Colony Street: Rs 1,080 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliamman Koil St, Gandhi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Chelliamman Koil St, Gandhi Nagar?

The Sub Registrar Office that covers Chelliamman Koil St, Gandhi Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chelliamman Koil St, Gandhi Nagar?

The current guideline value of Chelliamman Koil St, Gandhi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Chelliamman Koil St?

Chelliamman Koil St is classified as Residential Class II Type - I.

Where can I find the registration office for this area?

The registration office for Chelliamman Koil St, Gandhi Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.