Guideline Value for CHINNAPPA NAGAR 1 AND 2 STREETS

Chinnappa Nagar 1 And 2 Streets guideline value

The current guideline value for Chinnappa Nagar 1 And 2 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in S. Kullathur village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Chinnappa Nagar 1 And 2 Streets has changed

Over the years, the guideline value for Chinnappa Nagar 1 And 2 Streets has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,750 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The 2023 to 2024 revision showed a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,400 per sq.ft, with a median value of Rs 2,750 per sq.ft. The guideline value for Chinnappa Nagar 1 And 2 Streets matches this median.

• Chinnapa Nagar: Rs 2,750 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 2,530 per sq.ft (2024)
• Devi Karumariamman Nagar 1 & 2 Main Road: Rs 2,530 per sq.ft (2024)
• Bhavani Street: Rs 2,530 per sq.ft (2024)
• Dillibabu Nagar: Rs 2,750 per sq.ft (2024)
• Bharath Madha 2nd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnappa Nagar 1 And 2 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. 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 information.

Which Sub Registrar Office covers Chinnappa Nagar 1 And 2 Streets?

The Chinnappa Nagar 1 And 2 Streets fall under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value is an essential factor in the registration of property transactions in S. Kullathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that transactions are conducted transparently and fairly.

When buying or selling property, the guideline value influences the amount of stamp duty and registration fees payable. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value for Chinnappa Nagar 1 And 2 Streets?

The current guideline value for Chinnappa Nagar 1 And 2 Streets is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Chinnappa Nagar 1 And 2 Streets?

Chinnappa Nagar 1 And 2 Streets is classified as Residential Class I Type - I.

Where can I find the Pallavaram Sub Registrar Office?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chinnappa Nagar 1 And 2 Streets?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% based on the same criteria.