Guideline Value for CHINNAMMAN KOVIL STREET

Chinnamman Kovil Street guideline value

The current guideline value of Chinnamman Kovil Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Chinnamman Kovil Street has changed

The guideline value for Chinnamman Kovil Street has undergone several revisions over the years. The earliest recorded figure is from the 2012 revision, which was Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 3,000 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%, then increased by 49% from 2017 to 2023. The guideline value increased by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are a total of 88 streets that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Chinnamman Kovil Street's 2024 figure above this median.

• Chinna Rathinam Street: Rs 2,200 per sq.ft (2024)
• Chunnambukara Street-4: Rs 2,200 per sq.ft (2024)
• Court Compound Ward-1: Rs 2,200 per sq.ft (2024)
• Cement Gst Salai: Rs 4,400 per sq.ft (2024)
• Ceebros Garden City: Rs 1,733 per sq.ft (2024)
• Desigar Koil Sannathi Ward-2: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnamman Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chinnamman Kovil Street?

The Sub Registrar Office that covers Chinnamman Kovil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Chinnamman Kovil Street?

The current guideline value of Chinnamman Kovil Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, showing a significant fluctuation in values over the years.

What are the stamp duty and registration fees for properties on this street?

The stamp duty for a property valued at Rs 33,00,000 would be Rs 2,31,000, while the registration fee would be Rs 66,000. The total cost for these fees would amount to Rs 2,97,000.

Which office handles the registration for Chinnamman Kovil Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Chinnamman Kovil Street. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Chinnamman Kovil Street?

The land classification for Chinnamman Kovil Street is Residential Special Type - I. This classification is important for determining the permissible uses of the land.