Guideline Value for CHITHERI SUDUKADU SALAI

Chitheri Sudukadu Salai guideline value

The current guideline value of Chitheri Sudukadu Salai is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Chitheri Sudukadu Salai has changed

The guideline value for Chitheri Sudukadu Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,200 per sq.ft in the 2023 revision, and currently stands at Rs 1,320 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, while it increased by 49% from 2017 to 2023. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which means that the guideline value for Chitheri Sudukadu Salai is below the median.

• Chittibabu Nagar: Rs 2,420 per sq.ft (2024)
• Cholan Street: Rs 1,650 per sq.ft (2024)
• Church Avenue Vgp Shanthi Nagar Extension: Rs 2,750 per sq.ft (2024)
• Chettynadu Enclave Phase II: Rs 3,300 per sq.ft (2024)
• Chettynadu Enclave: Rs 3,300 per sq.ft (2024)
• Chethry B.G.Road Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Chitheri Sudukadu Salai

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chitheri Sudukadu Salai?

The Sub Registrar Office that covers Chitheri Sudukadu Salai 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 further assistance.

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

The guideline value is a critical component in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property transaction occurs, the guideline value is compared to the sale price. The higher value between the two is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Chitheri Sudukadu Salai?

The current guideline value for Chitheri Sudukadu Salai is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,320 per sq.ft from 2024.

What is the land classification for Chitheri Sudukadu Salai?

The land classification for Chitheri Sudukadu Salai is Residential Class IV Type - II.

Where can I find the registration office for Chitheri Sudukadu Salai?

The registration office for Chitheri Sudukadu Salai 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.

How is the stamp duty calculated for properties in Pallikaranai?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, while the registration fee is 2% of the guideline value or sale price.