Guideline Value for Chattira Street

Chattira Street guideline value

The current guideline value of Chattira Street in Koyakbedu village, under the AnnaNagar SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Chattira Street has changed

Over the years, the guideline value of Chattira Street has seen significant changes. In the 2007 revision, the value was Rs 1,300 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a substantial rise of 208%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a decline of 33%. The 2023 revision set the value at Rs 4,000 per sq.ft, and the latest 2024 revision has increased it to Rs 4,400 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the value surged by 49%. Overall, from 2007 to 2024, the guideline value has increased by 238%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which matches the current value of Chattira Street.

• Chattira 2nd Street: Rs 3,300 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chattira Street?

The Sub Registrar Office that covers Chattira 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 is a crucial factor in the registration process when buying or selling property in Koyakbedu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the registration office will charge duty based on the higher value between the sale price and the guideline value. This ensures that all transactions are in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Chattira Street?

The current guideline value of Chattira Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,300 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, an overall increase of 238% over the years.

What are the other streets in Koyakbedu with their guideline values?

Other streets in Koyakbedu include Chattira 2nd Street at Rs 3,300 per sq.ft, and several streets in Chinmaya Nagar at Rs 4,900 per sq.ft.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Chattira Street?

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