Guideline Value for CHELLIAMMAN KOIL STREET

Chelliamman Koil Street guideline value

The current guideline value of Chelliamman Koil Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village under the Pallavaram SRO, 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 undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was set at Rs 1,800 per sq.ft. This figure then decreased to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased to Rs 1,500 per sq.ft in 2023, which represented a rise of 24%. The most recent revision in 2024 saw the guideline value rise to Rs 1,980 per sq.ft, reflecting an increase of 32% from the previous year.

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

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median value among these streets is Rs 1,980 per sq.ft, which is the same as the guideline value for Chelliamman Koil Street.

• Bhavani Nagar: Rs 1,980 per sq.ft (2024)
• Bharathiyar Street: Rs 1,980 per sq.ft (2024)
• Bharathi Dasan Street: Rs 1,980 per sq.ft (2024)
• Bajani Kovil Street: Rs 1,980 per sq.ft (2024)
• ESIC Nagar: Rs 2,530 per sq.ft (2024)
• Babu Jaga Jeevaram Street: Rs 1,980 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 1,980 per sq.ft, the total 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, bringing the total cost for these fees to 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 more details.

Which Sub Registrar Office covers Chelliamman Koil Street?

The Sub Registrar Office that covers Chelliamman Koil 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 further assistance.

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

The guideline value is a crucial factor during the registration process of property transactions in Thiruvancheri. 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 buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the 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 1,980 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 increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Chelliamman Koil Street?

Chelliamman Koil Street is classified as Residential Class I Type - I under the Pallavaram SRO.

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

The registration office for Chelliamman Koil Street 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 Thiruvancheri?

Stamp duty for properties in Thiruvancheri is calculated based on the guideline value or the sale price, whichever is higher. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value.