Guideline Value for CHIDAMBARANAR ST

Chidambaranar St guideline value

The current guideline value of Chidambaranar St is Rs 990 per sq.ft, effective from 1 July 2024. This street is located in Paleripattu village under the Avadi SRO, classified as Residential Class II Type - I.

How the guideline value of Chidambaranar St has changed

The guideline value for Chidambaranar St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in 2017. Following this, the value rose significantly to Rs 900 per sq.ft in 2023, and finally, it increased to Rs 990 per sq.ft in the 2024 revision, 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. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for these streets is Rs 990 per sq.ft, which is the same as the guideline value for Chidambaranar St.

• Cross St: Rs 990 per sq.ft (2024)
• Bharathiyar St: Rs 990 per sq.ft (2024)
• Bharathi St: Rs 990 per sq.ft (2024)
• Bharathi Nagar: Rs 990 per sq.ft (2024)
• Bharathi Dasan St: Rs 801 per sq.ft (2024)
• Bharathidasan Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Chidambaranar St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chidambaranar St?

The Sub Registrar Office that covers Chidambaranar St is 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 Paleripattu

The guideline value plays a crucial role when buying or selling property in Paleripattu. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with the legal requirements.

When a property is registered, the guideline value is considered to ensure that the transaction is accurately reflected in the official records. This helps maintain transparency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Chidambaranar St?

The current guideline value of Chidambaranar St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Chidambaranar St?

Chidambaranar St is classified as Residential Class II Type - I.

What are the other streets in Paleripattu with the same guideline value?

Other streets in Paleripattu with the same guideline value of Rs 990 per sq.ft include Cross St, Bharathiyar St, Bharathi St, Bharathi Nagar, and Bharathidasan Nagar.

Where is the Sub Registrar Office located for Chidambaranar St?

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