Guideline Value for CHELLIAMMAN NAGAR

Chelliamman Nagar guideline value

The current guideline value of Chelliamman Nagar, located in Vellanoor-1 village under the Avadi SRO, is Rs 555 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Chelliamman Nagar has changed

In the 2023 revision, the guideline value was set at Rs 500 per sq.ft. The most recent revision in 2024 has increased this value to Rs 555 per sq.ft, reflecting a change of +11%. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The guideline value for Chelliamman Nagar has thus increased from Rs 500 in 2023 to Rs 555 in 2024. This change aligns with the median guideline value of Rs 555 per sq.ft for the village, indicating that Chelliamman Nagar's value is consistent with the overall market in Vellanoor-1.

Guideline values in Vellanoor-1

In Vellanoor-1, there are 34 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft, with a median value of Rs 555 per sq.ft. Chelliamman Nagar's 2024 figure matches this median value.

• Chelliyamman Nagar Phase - I: Rs 440 per sq.ft (2024)
• Bhavani Nagar: Rs 555 per sq.ft (2024)
• Bharathi Nagar: Rs 555 per sq.ft (2024)
• Gajalakshmi Nagar: Rs 555 per sq.ft (2024)
• Ganapathy Nagar: Rs 550 per sq.ft (2024)
• Ganesh Nagar: Rs 555 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, totaling Rs 49,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chelliamman Nagar?

The Chelliamman Nagar area falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vellanoor-1

The guideline value plays a crucial role during property transactions in Vellanoor-1. It is used to determine the stamp duty and registration fees that must be paid when registering a property sale or purchase.

When you buy or sell property, the guideline value is referenced to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. This helps maintain transparency and legality in property dealings within the region.

Frequently asked questions

What is the current guideline value for Chelliamman Nagar?

The current guideline value for Chelliamman Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 500 per sq.ft in 2023 to Rs 555 per sq.ft in 2024, reflecting an increase of +11%. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value for Vellanoor-1?

The median guideline value for Vellanoor-1 is Rs 555 per sq.ft. This median is consistent with the current guideline value for Chelliamman Nagar.

What are the stamp duty and registration fees for properties in Chelliamman Nagar?

For a property valued at Rs 5,55,000, the stamp duty would be Rs 38,850 and the registration fee would be Rs 11,100, totaling Rs 49,950. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Chelliamman Nagar?

The Avadi Sub Registrar Office handles property registrations for Chelliamman Nagar. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.