Guideline Value for CHITTOR MAIN RD

Chittor Main Rd guideline value

The current guideline value of Chittor Main Rd is Rs 300 per sq.ft, effective from 1 July 2024. This road is located in Aswarevanthapuram village, under the Ramakrishna Rajupettai SRO, and is classified as Residential Special Type - I.

How the guideline value of Chittor Main Rd has changed

Over the years, the guideline value for Chittor Main Rd has undergone significant changes. The register has no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the value was set at Rs 117 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a 156% rise from 2017. The 2024 revision also maintains the value at Rs 300 per sq.ft, showing no change from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 156%. The consistent value of Rs 300 per sq.ft in both 2023 and 2024 indicates stability in the guideline value for this street.

Guideline values in Aswarevanthapuram

In Aswarevanthapuram, there are 10 streets under the Ramakrishna Rajupettai SRO that have a guideline value for 2024, ranging from Rs 220 to Rs 300 per sq.ft. Chittor Main Rd's 2024 figure of Rs 300 per sq.ft is equal to the median value for the village.

• Bramanar St: Rs 300 per sq.ft (2024)
• Big Street: Rs 300 per sq.ft (2024)
• Kuttai St: Rs 300 per sq.ft (2024)
• Mal Vannier St: Rs 300 per sq.ft (2024)
• Old Post Office St: Rs 300 per sq.ft (2024)
• Road Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Chittor Main Rd

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total fees to Rs 27,000. 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 Chittor Main Rd?

The Sub Registrar Office that covers Chittor Main Rd is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Aswarevanthapuram. It is used to determine the stamp duty and registration fees, which are calculated based on this value.

When a property transaction occurs, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Chittor Main Rd?

The current guideline value of Chittor Main Rd is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chittor Main Rd has increased from Rs 117 per sq.ft in 2017 to Rs 300 per sq.ft in 2023 and 2024, marking a 156% increase overall from 2017 to 2024.

What are the other streets in Aswarevanthapuram with their guideline values?

Other streets in Aswarevanthapuram include Bramanar St, Big Street, Kuttai St, Mal Vannier St, Old Post Office St, and Road Street, all with a guideline value of Rs 300 per sq.ft for 2024.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in the area is 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. For more details, you can check find your SRO.