Guideline Value for CHOLAPURAM STREET

Cholapuram Street guideline value

The current guideline value of Cholapuram Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Thiruvanmiyur village and falls under the Chennai South Joint I SRO with a land classification of Residential Class IV Type - I.

How the guideline value of Cholapuram Street has changed

Cholapuram Street has undergone several revisions in its guideline value over the years. The 2012 revision recorded a value of Rs 6,500 per sq.ft. This figure then decreased to Rs 4,355 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 6,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 has seen the guideline value rise to Rs 7,150 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for Cholapuram Street in the revisions for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. Cholapuram Street's 2024 guideline value is below this median.

• Chitrakulath Street: Rs 7,150 per sq.ft (2024)
• Coastal Road: Rs 12,660 per sq.ft (2024)
• Co-Operative Housing Society (Court Official): Rs 7,150 per sq.ft (2024)
• Chellaperumal Street: Rs 7,150 per sq.ft (2024)
• Central Govt Employee Housing Colony: Rs 9,900 per sq.ft (2024)
• Devendra Nagar: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in Cholapuram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total cost for registration to Rs 6,43,500. 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 detailed calculations.

Which Sub Registrar Office covers Cholapuram Street?

The Sub Registrar Office that covers Cholapuram Street is the Chennai South Joint I Sub Registrar Office, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvanmiyur. It is used to determine the stamp duty and registration fees that must be paid during the property registration process.

When buying or selling property, the guideline value serves as a benchmark to assess the value of the property. It ensures that the transaction is recorded accurately and that the appropriate fees are collected by the registration authority.

Frequently asked questions

What is the current guideline value of Cholapuram Street?

The current guideline value of Cholapuram Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then increased to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,150 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Cholapuram Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 71,50,000. The stamp duty would be Rs 5,00,500, and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Which Sub Registrar Office covers Cholapuram Street?

The Chennai South Joint I Sub Registrar Office covers Cholapuram Street, located at the Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.

What is the median guideline value in Thiruvanmiyur?

The median guideline value in Thiruvanmiyur is Rs 9,900 per sq.ft for the year 2024, with Cholapuram Street's value being below this median.