Guideline Value for Cheety Street @ C.V.Rajagopal Street

Cheety Street @ C.V.Rajagopal Street guideline value

The current guideline value of Cheety Street @ C.V.Rajagopal Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Ist Division village under the Kanchipuram Joint IV SRO, classified as Commercial Class I Type - III.

How the guideline value of Cheety Street @ C.V.Rajagopal Street has changed

The guideline value for Cheety Street has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 2,000 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ist Division

In the Ist Division village, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft, with a median value of Rs 880 per sq.ft. Cheety Street's 2024 guideline value is above this median, indicating a higher valuation compared to many other streets.

• Chakkarathazhvar Nagar: Rs 880 per sq.ft (2024)
• Chengalpet Road: Rs 1,430 per sq.ft (2024)
• Chetty Street: Rs 2,200 per sq.ft (2024)
• Birunthavanam Street @ Palla Street: Rs 880 per sq.ft (2024)
• Cross Back Street: Rs 1,650 per sq.ft (2024)
• Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Cheety Street @ C.V.Rajagopal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these charges Rs 1,98,000. It is important to note that 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 Cheety Street @ C.V.Rajagopal Street?

The Cheety Street @ C.V.Rajagopal Street falls under the Kanchipuram Joint IV Sub Registrar Office. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property in Ist Division, the guideline value serves as a reference point for both buyers and sellers, ensuring that the transaction is conducted within the legal framework set by the authorities.

Frequently asked questions

What is the current guideline value of Cheety Street?

The current guideline value of Cheety Street @ C.V.Rajagopal Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Cheety Street?

Cheety Street is classified as Commercial Class I Type - III under the Kanchipuram Joint IV SRO.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Where is the Sub Registrar Office located?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.