Guideline Value for CHELLIAMMAN KOIL STREET

Chelliamman Koil Street guideline value

The current guideline value of Chelliamman Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Karanodai village, under the Redhills SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chelliamman Koil Street has changed

The guideline value for Chelliamman Koil Street has experienced several revisions over the years. Starting from Rs 600 per sq.ft in 2007, it increased to Rs 1,100 per sq.ft in 2012. However, it then decreased to Rs 737 per sq.ft in 2017. The value rose significantly to Rs 1,100 per sq.ft in 2023, and further increased to the current rate of Rs 1,210 per sq.ft in 2024, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 102%.

Guideline values in Karanodai

In Karanodai village, there are 38 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,000 per sq.ft. The median guideline value is Rs 1,210 per sq.ft, which is equal to the current guideline value of Chelliamman Koil Street.

• Chendur Murugan Nagar: Rs 440 per sq.ft (2024)
• Chengalamman Nagar: Rs 440 per sq.ft (2024)
• Bungalaw Mettu Street: Rs 1,210 per sq.ft (2024)
• Bharathidasan Nagar: Rs 440 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 1,210 per sq.ft (2024)
• Dr. Ambedkar Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total cost for these fees Rs 1,08,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chelliamman Koil Street?

The Sub Registrar Office that covers Chelliamman Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Karanodai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Chelliamman Koil Street?

The current guideline value of Chelliamman Koil Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,210 per sq.ft in 2024, reflecting an overall increase of 102% during this period.

What is the land classification for Chelliamman Koil Street?

Chelliamman Koil Street is classified as Residential Class I Type - I under the current regulations.

Where can I find the registration office for Chelliamman Koil Street?

The registration office for Chelliamman Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Karanodai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be calculated accordingly.