Guideline Value for CHENGALPATTU ROAD

Chengalpattu Road guideline value

The current guideline value of Chengalpattu Road in Thiruporur village is Rs 770 per sq.ft, effective from 1 July 2024. This area falls under the Thiruporur SRO and is classified as Residential Class II Type - I.

How the guideline value of Chengalpattu Road has changed

The guideline value for Chengalpattu Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 133 per sq.ft. This increased to Rs 149 per sq.ft in 2003, marking a 12% rise. The value then rose to Rs 250 per sq.ft in 2007, reflecting a significant increase of 68%. Following this, the 2012 revision saw the value hold at Rs 700 per sq.ft, which was a 180% increase from the previous revision. However, there was a decrease to Rs 469 per sq.ft in 2017, a drop of 33%.

In 2023, the guideline value increased to Rs 700 per sq.ft, and in the latest 2024 revision, it rose again to Rs 770 per sq.ft, marking a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 479%.

Guideline values in Thiruporur

In Thiruporur, there are 31 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 495 to Rs 4,500 per sq.ft, with a median value of Rs 880 per sq.ft. The guideline value of Chengalpattu Road is below this median.

• East Mada Street: Rs 880 per sq.ft (2024)
• Balaji Nagar: Rs 770 per sq.ft (2024)
• Eri Karai Street: Rs 660 per sq.ft (2024)
• Gandhi Street: Rs 880 per sq.ft (2024)
• Gokul Avenue: Rs 1,320 per sq.ft (2024)
• Harijan Colony: Rs 495 per sq.ft (2024)

Stamp duty and registration fee for property in Chengalpattu Road

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chengalpattu Road?

The Chengalpattu Road is covered by the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thiruporur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications associated with the transaction, based on the current guideline value.

Frequently asked questions

What is the current guideline value of Chengalpattu Road?

The current guideline value of Chengalpattu Road is Rs 770 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 133 per sq.ft in 2002 to Rs 770 per sq.ft in 2024, marking an overall increase of 479% over this period.

What are the other streets with guideline values in Thiruporur?

Other streets in Thiruporur have varying guideline values, ranging from Rs 495 to Rs 4,500 per sq.ft. The median value for these streets is Rs 880 per sq.ft.

What fees are associated with buying property on Chengalpattu Road?

When buying property on Chengalpattu Road, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Chengalpattu Road located?

The Sub Registrar Office covering Chengalpattu Road is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.