Guideline Value for CHINNANATHAMMAN STREET

Chinnanathamman Street guideline value

The current guideline value of Chinnanathamman Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class III Type - I.

How the guideline value of Chinnanathamman Street has changed

In the 2012 revision, the guideline value was Rs 3,200 per sq.ft. This figure decreased to Rs 2,144 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 3,520 per sq.ft, which is a 10% increase from the previous year.

The register has no 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 Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value is Rs 4,620 per sq.ft, placing Chinnanathamman Street's 2024 figure below that median.

• Cart Track Road: Rs 8,250 per sq.ft (2024)
• Damodaran Street: Rs 3,080 per sq.ft (2024)
• Defence Colony Road: Rs 6,600 per sq.ft (2024)
• Dhanakodi Raja Street: Rs 4,620 per sq.ft (2024)
• Dhanapal Street: Rs 3,080 per sq.ft (2024)
• Bharathiyar 2nd Main Rd: Rs 4,620 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnanathamman Street

For a 1,000 sq.ft plot at the current rate of Rs 3,520 per sq.ft, the guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnanathamman Street?

The Sub Registrar Office that covers Chinnanathamman Street 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. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ekkaduthangal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value will be referenced to calculate the applicable duties and fees. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chinnanathamman Street?

The current guideline value of Chinnanathamman Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: from Rs 3,200 in 2012 to Rs 2,144 in 2017, then rising to Rs 3,200 in 2023, and finally to Rs 3,520 in 2024.

What is the land classification for Chinnanathamman Street?

Chinnanathamman Street is classified as Residential Class III Type - I.

What is the median guideline value for streets in Ekkaduthangal?

The median guideline value for streets in Ekkaduthangal is Rs 4,620 per sq.ft, which is above the current guideline value of Chinnanathamman Street.

Where is the Sub Registrar Office for Chinnanathamman Street located?

The Sub Registrar Office for Chinnanathamman Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.