Guideline Value for CHELLIAMMAN NAGAR

Chelliamman Nagar guideline value

The current guideline value of Chelliamman Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Chelliamman Nagar has changed

The guideline value for Chelliamman Nagar has seen several revisions over the years. In 2017, the value was set at Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has brought the value to Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO carrying a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft, with a median value of Rs 330 per sq.ft. Chelliamman Nagar's 2024 guideline value is equal to this median.

• Chamundeeshwari Rail Nagar: Rs 330 per sq.ft (2024)
• Buchibabu Nagar: Rs 330 per sq.ft (2024)
• Bharati Street: Rs 330 per sq.ft (2024)
• Dr. Ambedkar Nagar: Rs 462 per sq.ft (2024)
• Dr. Vinobaji Nagar: Rs 330 per sq.ft (2024)
• Balamurugan Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total to Rs 29,700. 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Athipattu. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory during the sale or purchase of property.

When a property is registered, the higher amount between the guideline value and the sale price is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chelliamman Nagar?

The current guideline value of Chelliamman Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 201 per sq.ft to Rs 330 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the registration office for Chelliamman Nagar?

The registration office for Chelliamman Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated in Chelliamman Nagar?

Stamp duty in Chelliamman Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.

What are the other streets in Athipattu with similar guideline values?

Other streets in Athipattu with a guideline value of Rs 330 per sq.ft include Chamundeeshwari Rail Nagar, Buchibabu Nagar, Bharati Street, Dr. Vinobaji Nagar, and Balamurugan Nagar.