Guideline Value for Chekkadi Street

Chekkadi Street guideline value

The current guideline value of Chekkadi Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Chekkadi Street has changed

The guideline value for Chekkadi Street has seen several revisions over the years. The most recent revisions show that in 2024, the value is Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, marking a 49% increase from 2017 to 2023.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the 2024 figure for Chekkadi Street.

• Chanduvazhi Amman Koil Street: Rs 1,000 per sq.ft (2024)
• Chellaperumal Nagar: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IIIrd Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IInd Cross Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IInd Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar Ist Cross Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Chekkadi Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chekkadi Street?

The Sub Registrar Office that covers Chekkadi Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value serves as a reference point for both buyers and sellers. It ensures that the transaction is conducted at a value recognized by the government, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Chekkadi Street?

The current guideline value of Chekkadi Street is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chekkadi Street has remained at Rs 700 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification for Chekkadi Street?

Chekkadi Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Chekkadi Street?

The Sub Registrar Office for Chekkadi Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chekkadi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at a rate of 7%.