Guideline Value for CHITRA TOWNSHIP

Chitra Township guideline value

The current guideline value of Chitra Township, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 3,850 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Chitra Township has changed

The guideline value for Chitra Township has seen several revisions over the years. The earliest recorded value was Rs 800 per sq.ft in 2007, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a substantial rise of 338%. Following this, the value rose to Rs 3,750 per sq.ft in 2023, an increase of 7%. The most recent revision in 2024 set the value at Rs 3,850 per sq.ft, reflecting a 3% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 381%.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing Chitra Township's 2024 figure above that median.

• Christhu Nagar: Rs 2,750 per sq.ft (2024)
• Church Road: Rs 2,750 per sq.ft (2024)
• Chinna 2nd Street: Rs 3,300 per sq.ft (2024)
• Chinna 1st Street: Rs 3,300 per sq.ft (2024)
• C.L.C Works Road: Rs 3,300 per sq.ft (2024)
• C.N. Padmanaban Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chitra Township

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total fees together to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chitra Township?

The Sub Registrar Office covering Chitra Township is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Chitra Township?

The current guideline value of Chitra Township is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 800 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 381% over the years.

What are the stamp duty and registration fees for properties in Chitra Township?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,46,500.

Which office handles registrations for Chitra Township?

The Pallavaram Sub Registrar Office handles registrations for Chitra Township, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What is the land classification for Chitra Township?

The land classification for Chitra Township is Mixed Type - I, indicating a diverse use of land in the area.