Guideline Value for CHENGARVARA STREET

Chengarvara Street guideline value

The current guideline value of Chengarvara Street in Tiruttani village, under the Thiruttani SRO, is Rs 825 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Chengarvara Street has changed

The guideline value for Chengarvara Street has seen several revisions over the years. The 2017 revision set the value at Rs 502 per sq.ft. This increased significantly to Rs 750 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 brought the value up to Rs 825 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, making Chengarvara Street's 2024 figure equal to this median.

• Chennai Byepass ( East Ofo Railway Track): Rs 990 per sq.ft (2024)
• Chennai Road ( Including Gandhi Extn): Rs 990 per sq.ft (2024)
• Chennai Thirupathibye Pass: Rs 1,099 per sq.ft (2024)
• Chitoor Road (Kamala Theatre To Chthoor Bypass): Rs 770 per sq.ft (2024)
• Chitoor Road (Kamala Theatre To Church Kalvettu): Rs 770 per sq.ft (2024)
• Bus Stand & Bus Stop Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chengarvara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 825 per sq.ft, the total guideline value would be Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, leading to a total of Rs 74,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Chengarvara Street?

The Chengarvara Street is covered by the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chengarvara Street?

The current guideline value of Chengarvara Street is Rs 825 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, rising from Rs 502 per sq.ft to Rs 825 per sq.ft in 2024.

What are the stamp duty and registration fees for a property on Chengarvara Street?

The stamp duty for a property on Chengarvara Street is 7%, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 74,250.

Which office handles property registrations for Chengarvara Street?

The Thiruttani Sub Registrar Office handles property registrations for Chengarvara Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209.

Where can I find more information about stamp duty and registration fees?

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