Guideline Value for CHINNABABU STREET

Chinnababu Street guideline value

The current guideline value of Chinnababu Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Chinnababu Street has changed

Looking at the revisions over the years, the guideline value for Chinnababu Street has seen significant fluctuations. In the 2007 revision, the value was Rs 1,100 per sq.ft. This increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 264%. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value then jumped to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 saw the guideline value rise to Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for Chinnababu Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Chinnababu Street's 2024 figure below that median.

• Chinnathambi Naicken Street: Rs 5,500 per sq.ft (2024)
• Chennai Kesava Perumal Koil Street: Rs 4,900 per sq.ft (2024)
• Chithalu Chetty Street: Rs 5,500 per sq.ft (2024)
• Chokkavel Subramaniya Swamy Koil Street: Rs 4,900 per sq.ft (2024)
• Chellappa Mudali Street: Rs 6,500 per sq.ft (2024)
• Chellappa Gramani Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnababu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chinnababu Street?

The Sub Registrar Office that covers Chinnababu Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently, reflecting the value of the property as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Chinnababu Street?

The current guideline value of Chinnababu Street is Rs 4,400 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 1,100 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 300% over the years.

What is the median guideline value in Purasaivakkam?

The median guideline value in Purasaivakkam is Rs 5,500 per sq.ft, which is higher than the current value of Chinnababu Street.

What are the stamp duty and registration fees for properties in Chinnababu Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Chinnababu Street located?

The Sub Registrar Office for Chinnababu Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.