Guideline Value for Chekkumedu Vania Street

Chekkumedu Vania Street guideline value

The current guideline value of Chekkumedu Vania Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Kunrathour-B village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Chekkumedu Vania Street has changed

The guideline value for Chekkumedu Vania Street has seen significant changes over the years. The 2017 revision recorded a value of Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in the 2023 revision. The most recent revision in 2024 has set the guideline value at Rs 1,210 per sq.ft, marking a 10% increase from the previous year. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 64%. The substantial jump from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024 reflects a 49% increase from 2017 to 2023, followed by a 10% rise in the subsequent year.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Chekkumedu Vania Street's value below this median.

• Chandra Nagar: Rs 1,430 per sq.ft (2024)
• Chithra Nagar: Rs 660 per sq.ft (2024)
• Chitra Nagar: Rs 1,210 per sq.ft (2024)
• Church Street: Rs 1,210 per sq.ft (2024)
• Boopathy Avenue: Rs 2,420 per sq.ft (2024)
• Boopalan Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Chekkumedu Vania Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total cost for these fees to Rs 1,08,900. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chekkumedu Vania Street?

The Sub Registrar Office that covers Chekkumedu Vania Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, in the Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when registering a property in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process.

When you buy or sell property, the guideline value helps establish the minimum value for taxation purposes. 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 Chekkumedu Vania Street?

The current guideline value of Chekkumedu Vania Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Chekkumedu Vania Street?

The land classification for Chekkumedu Vania Street is Residential Class I Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900 for these fees.

Where can I find the Sub Registrar Office for Chekkumedu Vania Street?

The Sub Registrar Office for Chekkumedu Vania Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.