Guideline Value for CHELLIYAMMAN KOVIL STREET(KR)

Chelliyamman Kovil Street(Kr) guideline value

The current guideline value of Chelliyamman Kovil Street(Kr) in Ninna Karai village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Chelliyamman Kovil Street(Kr) has changed

The guideline value for Chelliyamman Kovil Street(Kr) has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. However, in the following revisions, the value increased significantly, reaching Rs 600 per sq.ft in 2023 and then rising to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Chelliyamman Kovil Street(Kr) below this median.

• Cheran Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Chakaravarthy Nagar (N): Rs 660 per sq.ft (2024)
• Chitra Nagar (Sa): Rs 440 per sq.ft (2024)
• Caldwell Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,321 per sq.ft (2024)
• Cmda Layout Nennaikarai (Ward -3): Rs 1,321 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliyamman Kovil Street(Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200, bringing the total to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chelliyamman Kovil Street(Kr)?

The Sub Registrar Office that covers Chelliyamman Kovil Street(Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when buying or selling property in Ninna Karai. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory during property transactions. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to determine the amount of stamp duty payable. This ensures that the transaction is recorded accurately and that the appropriate fees are collected by the government.

Frequently asked questions

What is the current guideline value of Chelliyamman Kovil Street(Kr)?

The current guideline value of Chelliyamman Kovil Street(Kr) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with various revisions in between, including a decrease to Rs 402 per sq.ft in 2017.

What is the median guideline value in Ninna Karai?

The median guideline value in Ninna Karai is Rs 1,100 per sq.ft, which is higher than the current value of Chelliyamman Kovil Street(Kr).

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

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Where is the Sub Registrar Office for Chelliyamman Kovil Street(Kr)?

The Sub Registrar Office for Chelliyamman Kovil Street(Kr) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.