Guideline Value for CHELLIYAMMAN KOVIL 2nd STREET

CHELLIYAMMAN KOVIL 2nd STREET guideline value

The current guideline value of CHELLIYAMMAN KOVIL 2nd STREET is Rs 101 per sq.ft, effective from 1 July 2024. This street is located in the village of Cheyyur, under the Cheyyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of CHELLIYAMMAN KOVIL 2nd STREET has changed

Over the years, the guideline value of CHELLIYAMMAN KOVIL 2nd STREET has seen significant changes. The 2017 revision set the value at Rs 50 per sq.ft, which was then increased to Rs 100 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 101 per sq.ft, marking a 1% increase from the previous year.

In total, from the 2017 revision to the 2024 revision, the guideline value has increased by 102%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft, which is equal to the guideline value of CHELLIYAMMAN KOVIL 2nd STREET.

• CHELLIYAMMAN KOVIL 1st STREET: Rs 101 per sq.ft (2024)
• Cheriyamman Koil Street: Rs 101 per sq.ft (2024)
• Chinna Errikarai Street: Rs 101 per sq.ft (2024)
• Devarajapuram Salai: Rs 101 per sq.ft (2024)
• Devarajapuram Street: Rs 101 per sq.ft (2024)
• Bajar Veethi: Rs 450 per sq.ft (2024)

Stamp duty and registration fee for property in CHELLIYAMMAN KOVIL 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 101 per sq.ft, the total guideline value would be Rs 1,01,000. The stamp duty at 7% would amount to Rs 7,070, while the registration fee at 2% would be Rs 2,020, bringing the total fees together to Rs 9,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers CHELLIYAMMAN KOVIL 2nd STREET?

The CHELLIYAMMAN KOVIL 2nd STREET falls under the jurisdiction of the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Cheyyur - A

When buying or selling property in Cheyyur - A, the guideline value is a critical factor that determines the registration fees and stamp duty. The guideline value is used to calculate the total cost of registration, which includes both the stamp duty and registration fee based on the property's value.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with the legal requirements during the transaction. This value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of CHELLIYAMMAN KOVIL 2nd STREET?

The current guideline value of CHELLIYAMMAN KOVIL 2nd STREET is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 50 per sq.ft to Rs 101 per sq.ft by 2024, representing an overall increase of 102% over this period.

What are the other streets in Cheyyur - A with similar guideline values?

Several other streets in Cheyyur - A have a guideline value of Rs 101 per sq.ft in 2024, including CHELLIYAMMAN KOVIL 1st STREET, Cheriyamman Koil Street, Chinna Errikarai Street, Devarajapuram Salai, and Devarajapuram Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,01,000, the stamp duty would be Rs 7,070, and the registration fee would be Rs 2,020, totaling Rs 9,090. These fees are based on the guideline value of the property.

Where can I find the Cheyyur Sub Registrar Office?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find more information about the office through the provided link.