Guideline Value for Chamundeswari kovil 3rd street

Chamundeswari kovil 3rd street guideline value

The current guideline value of Chamundeswari kovil 3rd street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, classified as Residential Class II Type - I.

How the guideline value of Chamundeswari kovil 3rd street has changed

The guideline value for Chamundeswari kovil 3rd street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 6,500 per sq.ft. This figure remained unchanged in the 2017 revision, where it increased to Rs 4,355 per sq.ft. The 2023 revision saw a significant increase to Rs 6,500 per sq.ft, followed by the current 2024 revision which raised it to Rs 7,100 per sq.ft, marking a 9% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. However, from 2012 to 2017, the value experienced a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, which is equal to the current guideline value of Chamundeswari kovil 3rd street.

• Chamundeswari kovil 2nd street: Rs 7,100 per sq.ft (2024)
• Chamundeswari kovil 4th street: Rs 7,100 per sq.ft (2024)
• Chamundeswari kovil 1st street: Rs 7,100 per sq.ft (2024)
• Chamundeswari kovil 5th street: Rs 7,100 per sq.ft (2024)
• Chandira banu street: Rs 10,100 per sq.ft (2024)
• Chari Street: Rs 8,300 per sq.ft (2024)

Stamp duty and registration fee for property in Chamundeswari kovil 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that 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 details.

Which Sub Registrar Office covers Chamundeswari kovil 3rd street?

The Chamundeswari kovil 3rd street falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Egmore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the stamp duty and registration fees are 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 Chamundeswari kovil 3rd street?

The current guideline value of Chamundeswari kovil 3rd street is Rs 7,100 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 to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,100 per sq.ft in 2024.

What is the land classification for Chamundeswari kovil 3rd street?

Chamundeswari kovil 3rd street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for this street?

For a plot of 1,000 sq.ft, the total guideline value is Rs 71,00,000, with a stamp duty of Rs 4,97,000 and a registration fee of Rs 1,42,000, totaling Rs 6,39,000.

Which office handles the registration for Chamundeswari kovil 3rd street?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, handles the registration for Chamundeswari kovil 3rd street.