Guideline Value for CHELLIAMMAN NAGAR

Chelliamman Nagar guideline value

The current guideline value of Chelliamman Nagar is Rs 400 per sq.ft. This area is located in Nallur_2 village, under the jurisdiction of the Redhills SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Chelliamman Nagar has changed

The guideline value for Chelliamman Nagar has undergone several revisions over the years. The most recent revision in 2023 set the guideline value at Rs 400 per sq.ft, which represents a significant increase of 49% from the 2017 revision where the value was Rs 268 per sq.ft. There are no figures available for the years 2024, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. This change reflects the only documented revision for this street, as prior years do not have any recorded figures.

Guideline values in Nallur_2

No specific village figures are provided for Nallur_2. Chelliamman Nagar is the only street mentioned under this classification, and there are no other streets in Nallur_2 under the Redhills SRO.

Stamp duty and registration fee for property in Chelliamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chelliamman Nagar?

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

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is a crucial factor in the registration process when buying or selling property in Nallur_2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the higher of the guideline value or the sale price is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chelliamman Nagar?

The current guideline value of Chelliamman Nagar is Rs 400 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

The guideline value increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, which is a rise of 49%.

Are there any guideline values available for the years prior to 2017?

No guideline values are available for the years 2024, 2012, 2007, 2003, and 2002 for Chelliamman Nagar.

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

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office handles property registrations in Chelliamman Nagar?

The Redhills Sub Registrar Office handles property registrations for Chelliamman Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.