Guideline Value for Chattira 2nd Street

Chattira 2nd Street guideline value

The current guideline value of Chattira 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Residential Class I Type - III.

How the guideline value of Chattira 2nd Street has changed

The guideline value for Chattira 2nd Street has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a significant rise of 131%. However, from 2012 to 2017, the value dropped to Rs 2,010 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 3,000 per sq.ft in 2023, a 49% increase from the previous revision.

As of the 2024 revision, the guideline value stands at Rs 3,300 per sq.ft, which is a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 154%. It is important to note that the register has no figures for Chattira 2nd Street for the years 2002 and 2003.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, indicating that Chattira 2nd Street's 2024 figure is below this median.

• Chattira Street: Rs 4,400 per sq.ft (2024)
• Chinmaya Nagar 1st Cross Street: Rs 4,900 per sq.ft (2024)
• Chinmaya Nagar 2nd Cross Street: Rs 4,900 per sq.ft (2024)
• Chinmaya Nagar 2nd Main Road: Rs 4,900 per sq.ft (2024)
• Chinmaya Nagar 3rd Cross Street: Rs 4,900 per sq.ft (2024)
• Chinmaya Nagar 4th Cross Street (S No.203, 204/1): Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chattira 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chattira 2nd Street?

The Sub Registrar Office that covers Chattira 2nd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Koyakbedu. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the guideline value as it directly affects the overall cost of the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Chattira 2nd Street?

The current guideline value of Chattira 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 154% over the years.

What is the registration office for Chattira 2nd Street?

The registration office for Chattira 2nd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Koyakbedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at 7%.

What are the guideline values of other streets in Koyakbedu?

The guideline values of other streets in Koyakbedu vary, with some streets like Chattira Street at Rs 4,400 per sq.ft and Chinmaya Nagar streets ranging from Rs 4,900 per sq.ft. Chattira 2nd Street's value is below the median of Rs 4,400 per sq.ft.