Guideline Value for CHITOOR ROAD (KAMALA THEATRE TO CHTHOOR BYPASS

Chitoor Road (Kamala Theatre To Chthoor Bypass guideline value

The current guideline value for Chitoor Road (Kamala Theatre To Chthoor Bypass) is Rs 770 per sq.ft, effective from 1 July 2024. This property is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class IV Type - I.

How the guideline value of Chitoor Road (Kamala Theatre To Chthoor Bypass has changed

The guideline value for Chitoor Road has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. Notably, there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2012.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that have a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median value for these streets is Rs 825 per sq.ft, indicating that the guideline value for Chitoor Road (Kamala Theatre To Chthoor Bypass) is below this median.

• Chitoor Road (Kamala Theatre To Church Kalvettu: Rs 770 per sq.ft (2024)
• Chennai Thirupathibye Pass: Rs 1,099 per sq.ft (2024)
• Chennai Road ( Including Gandhi Extn): Rs 990 per sq.ft (2024)
• Chennai Byepass ( East Ofo Railway Track): Rs 990 per sq.ft (2024)
• Chengarvara Street: Rs 825 per sq.ft (2024)
• Bus Stand & Bus Stop Road: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chitoor Road (Kamala Theatre To Chthoor Bypass

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. 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 Chitoor Road (Kamala Theatre To Chthoor Bypass?

The Sub Registrar Office that covers Chitoor Road (Kamala Theatre To Chthoor Bypass) is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tiruttani. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared against the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Chitoor Road (Kamala Theatre To Chthoor Bypass?

The current guideline value of Chitoor Road (Kamala Theatre To Chthoor Bypass) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. Overall, this represents a 64% increase from 2017 to 2024.

Which Sub Registrar Office covers Chitoor Road?

The Thiruttani Sub Registrar Office covers Chitoor Road (Kamala Theatre To Chthoor Bypass) and is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What is the stamp duty for property on Chitoor Road?

The stamp duty for property on Chitoor Road is calculated at 7% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900.

Where can I find more information about stamp duty and registration fees?

For more information about stamp duty and registration fees, you can use the stamp duty and registration fee calculator.