Guideline Value for CHETTIYAR AGARAM MAIN ROAD

Chettiyar Agaram Main Road guideline value

The current guideline value of Chettiyar Agaram Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Chettiyaragaram village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Chettiyar Agaram Main Road has changed

The guideline value for Chettiyar Agaram Main Road has undergone several changes over the years. In 2012, the guideline value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 2,200 per sq.ft. The latest revision in 2024 has increased the guideline value to Rs 2,420 per sq.ft, marking a 10% rise from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chettiyaragaram

In Chettiyaragaram village, there are 22 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,210 to Rs 4,400 per sq.ft. The median value is Rs 2,200 per sq.ft, and Chettiyar Agaram Main Road's 2024 figure is above this median.

• Chettiyar Agaram 1st Street: Rs 2,420 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Erikarai Street: Rs 1,210 per sq.ft (2024)
• Fomra: Rs 4,400 per sq.ft (2024)
• Iswarya Nagar: Rs 1,650 per sq.ft (2024)
• Murthy Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chettiyar Agaram Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total charges to Rs 2,17,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chettiyar Agaram Main Road?

The Sub Registrar Office that covers Chettiyar Agaram Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Chettiyaragaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Chettiyar Agaram Main Road?

The current guideline value of Chettiyar Agaram Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,420 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Chettiyar Agaram Main Road?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles property registrations for Chettiyar Agaram Main Road?

The Chennai South Joint I Sub Registrar Office handles property registrations for Chettiyar Agaram Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification of Chettiyar Agaram Main Road?

The land classification for Chettiyar Agaram Main Road is Residential Special Type - I.