Guideline Value for CHITTOR MAIN RD

Chittor Main Rd guideline value

The current guideline value of Chittor Main Rd in Beerakupam village is Rs 200 per sq.ft, effective from 1 July 2024. This area falls 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 of Chittor Main Rd has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased to Rs 125 per sq.ft in 2012, but then dropped to Rs 84 per sq.ft in 2017. Following that, the value significantly rose to Rs 200 per sq.ft in both 2023 and the upcoming 2024 revisions. It is important to note that the register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was an increase of 138%, while from 2012 to 2017, it decreased by 33%. The value increased by 25% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 100%.

Guideline values in Beerakupam

In Beerakupam, there are 10 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft. The median value for these streets is Rs 175 per sq.ft, making Chittor Main Rd's 2024 figure above that median.

• Gandhi Road (A) S. Agragaram Street: Rs 150 per sq.ft (2024)
• Kuyavar Street (A) Udayar Street: Rs 175 per sq.ft (2024)
• Navithar Street: Rs 175 per sq.ft (2024)
• Noochili Road: Rs 175 per sq.ft (2024)
• Passukal Battai Street: Rs 150 per sq.ft (2024)
• S.Agraharam New Road: Rs 150 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. 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 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. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Beerakupam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that are applicable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. This value is set by the Registration Department and is regularly updated to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Chittor Main Rd?

The current guideline value of Chittor Main Rd is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Beerakupam?

The median guideline value for streets in Beerakupam is Rs 175 per sq.ft, with Chittor Main Rd's value being above this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is 7% of the guideline value, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chittor Main Rd?

The Sub Registrar Office for Chittor Main Rd is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.