Guideline Value for CHITTOOR ROAD

Chittoor Road guideline value

The current guideline value of Chittoor Road is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Pudupet village, under the Pallipattu SRO, and is classified as Residential Special Type - III.

How the guideline value of Chittoor Road has changed

The guideline value for Chittoor Road has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 335 per sq.ft. This figure increased to Rs 600 per sq.ft in the 2023 revision, maintaining the same value in the 2024 revision, resulting in a total increase of 79% from 2017 to 2023 and from 2017 to 2024.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for Chittoor Road. The 2023 and 2024 revisions both reflect a guideline value of Rs 600 per sq.ft, indicating no change between these two years.

Guideline values in Pudupet

In Pudupet, there are 42 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 102 to Rs 600 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, placing Chittoor Road's 2024 figure above this median.

• Braminar Street: Rs 350 per sq.ft (2024)
• Beristreet Santhu: Rs 300 per sq.ft (2024)
• Beri Street: Rs 600 per sq.ft (2024)
• Eachambadi Colony 1 St Street: Rs 126 per sq.ft (2024)
• Eachambadi Colony 2 Nd Street: Rs 126 per sq.ft (2024)
• Eachambadi Colony 3rd Street: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Chittoor Road

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 detailed calculations.

Which Sub Registrar Office covers Chittoor Road?

The Sub Registrar Office that covers Chittoor Road is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pudupet. It is used to determine the stamp duty and registration fees that are applicable on the transaction.

When a property is registered, the guideline value is compared with the sale price, and the duty is charged on the higher of the two amounts. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chittoor Road?

The current guideline value of Chittoor Road is Rs 600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 79%, from Rs 335 per sq.ft to Rs 600 per sq.ft in 2023 and 2024. There were no recorded figures for the years 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Pudupet?

Other streets in Pudupet have varying guideline values, ranging from Rs 102 to Rs 600 per sq.ft. For example, Braminar Street is valued at Rs 350 per sq.ft, while Beri Street matches Chittoor Road at Rs 600 per sq.ft.

What fees are associated with buying property on Chittoor Road?

When buying property on Chittoor Road, you will need to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, these fees total Rs 54,000.

Where is the Sub Registrar Office for Chittoor Road located?

The Sub Registrar Office for Chittoor Road is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.