Guideline Value for Celli Amman Kovil Street

Celli Amman Kovil Street guideline value

The current guideline value of Celli Amman Kovil Street is Rs 1,150 per sq.ft, as per the 2023 revision. This street is located in Kilambakkam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Celli Amman Kovil Street has changed

The guideline value for Celli Amman Kovil Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,000 per sq.ft, which increased to Rs 1,150 per sq.ft in the 2012 revision, marking a 15% rise. However, in the 2017 revision, the value dropped to Rs 770 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,150 per sq.ft, reflecting a significant increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 15%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures available for Kilambakkam. Celli Amman Kovil Street is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Celli Amman Kovil Street

For a 1,000 sq.ft plot at the current rate of Rs 1,150 per sq.ft, the guideline value amounts to Rs 11,50,000. The stamp duty at 7% would be Rs 80,500, and the registration fee at 2% would be Rs 23,000, totaling Rs 1,03,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Celli Amman Kovil Street?

The Celli Amman Kovil Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Celli Amman Kovil Street?

The current guideline value of Celli Amman Kovil Street is Rs 1,150 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 1,150 per sq.ft in 2012, then decreased to Rs 770 per sq.ft in 2017, and finally returned to Rs 1,150 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Celli Amman Kovil Street?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,03,500, which includes Rs 80,500 for stamp duty and Rs 23,000 for the registration fee.

Which office handles registrations for properties in Celli Amman Kovil Street?

The Gooduvancheri Sub Registrar Office handles registrations for properties in Celli Amman Kovil Street, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used as a benchmark for calculating stamp duty and registration fees during property transactions. It is essential for ensuring that the correct revenue is collected by the government.