Guideline Value for CHENGALAIYAMMAN KOIL ST

Chengalaiyamman Koil St guideline value

The current guideline value of Chengalaiyamman Koil St is Rs 806 per sq.ft, effective from 1 July 2024. This street is located in Mitnamalle village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Chengalaiyamman Koil St has changed

The guideline value for Chengalaiyamman Koil St has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 250 per sq.ft, which decreased to Rs 167 per sq.ft in the 2017 revision. This was a decline of 33%. However, from 2017 to 2023, the value saw a significant increase of 379%, reaching Rs 800 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 806 per sq.ft, marking a 1% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 222%.

Guideline values in Mitnamalle

In Mitnamalle, there are 53 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft, with a median value of Rs 802 per sq.ft. Chengalaiyamman Koil St's 2024 figure of Rs 806 per sq.ft is above this median.

• Chidambaram St: Rs 804 per sq.ft (2024)
• Crpf Nagar Bharath Avenue: Rs 800 per sq.ft (2024)
• Devar Nagar: Rs 802 per sq.ft (2024)
• Bharathi Nagar: Rs 802 per sq.ft (2024)
• Bharath Avenue: Rs 802 per sq.ft (2024)
• Durakai Amman Koil St: Rs 802 per sq.ft (2024)

Stamp duty and registration fee for property in Chengalaiyamman Koil St

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value would be Rs 8,06,000. The stamp duty at 7% would amount to Rs 56,420, and the registration fee at 2% would be Rs 16,120, resulting in a total of Rs 72,540. 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 Chengalaiyamman Koil St?

The Chengalaiyamman Koil St 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 Mitnamalle

The guideline value plays a critical role during the registration process of property transactions in Mitnamalle. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing underreporting of property values. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Chengalaiyamman Koil St?

The current guideline value of Chengalaiyamman Koil St is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 250 per sq.ft in 2012 to Rs 806 per sq.ft in 2024, with notable increases in 2017 and 2023 revisions.

What is the land classification for Chengalaiyamman Koil St?

Chengalaiyamman Koil St is classified as Residential Class II Type - III.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.