Guideline Value for CHINNATHAMBI NAICKEN STREET

Chinnathambi Naicken Street guideline value

The current guideline value of Chinnathambi Naicken Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - I.

How the guideline value of Chinnathambi Naicken Street has changed

Over the years, the guideline value of Chinnathambi Naicken Street has experienced significant changes. The earliest recorded figure is from 2002, when the guideline value was Rs 420 per sq.ft. This increased to Rs 461 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 700 per sq.ft, reflecting a substantial increase of 52%. The value then rose dramatically to Rs 4,000 per sq.ft in 2012, which was a 471% increase. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The value climbed again to Rs 4,000 per sq.ft in 2023, and most recently, it reached Rs 4,300 per sq.ft in 2024, representing an 8% increase.

In summary, the guideline value has increased significantly from Rs 420 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, an overall increase of 924%. There are no figures available for the revisions in years other than those listed.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Chinnathambi Naicken Street's 2024 figure above this median.

• Chinna Sembarambakkam Street: Rs 4,300 per sq.ft (2024)
• Chinna Sembarambakkam Road: Rs 4,300 per sq.ft (2024)
• Chinnayya Mudali 1st Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 2nd Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 3rd Cross Street: Rs 4,900 per sq.ft (2024)
• Chinnayya Mudali 4th Cross Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnathambi Naicken Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would be Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, bringing the total to Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinnathambi Naicken Street?

The Sub Registrar Office that covers Chinnathambi Naicken 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 Perambur

The guideline value is a crucial factor when registering property in Perambur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling property, the guideline value ensures that the registration process adheres to the legal requirements set by the authorities. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chinnathambi Naicken Street?

The current guideline value of Chinnathambi Naicken Street is Rs 4,300 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 420 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, with various fluctuations in between.

What is the land classification of Chinnathambi Naicken Street?

Chinnathambi Naicken Street is classified as Residential Class II Type - I.

Where can I find the registration office for Chinnathambi Naicken Street?

The registration office for Chinnathambi Naicken Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for property in Chinnathambi Naicken Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 3,01,000 at the current guideline value.