Guideline Value for CHELLIAMMAN KOIL STREET

Chelliamman Koil Street guideline value

The current guideline value of Chelliamman Koil Street in Arasankalani village is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur Sub Registrar Office and is classified as Residential Class III Type - I.

How the guideline value of Chelliamman Koil Street has changed

The guideline value for Chelliamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and currently stands at Rs 1,300 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows an increase of 8%.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft, with a median value of Rs 2,100 per sq.ft. Chelliamman Koil Street's 2024 figure is below this median.

• Chola Akshayam Palazzo: Rs 4,100 per sq.ft (2024)
• Color Fortuna: Rs 2,100 per sq.ft (2024)
• Crusher Road: Rs 2,100 per sq.ft (2024)
• Crusher Road 3rd Lane: Rs 2,100 per sq.ft (2024)
• Crusher Road 3rd Malai Street: Rs 2,100 per sq.ft (2024)
• Crusher Road 4th Lane: Rs 2,100 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total fees Rs 1,17,000. 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 Chelliamman Koil Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Arasankalani. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of the transaction. This ensures that all parties involved are informed about the financial implications of the property transfer.

Frequently asked questions

What is the current guideline value of Chelliamman Koil Street?

The current guideline value of Chelliamman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Chelliamman Koil Street?

Chelliamman Koil Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 1,17,000 based on the current guideline value.

Which office handles the registration for Chelliamman Koil Street?

The registration for Chelliamman Koil Street is handled by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.