Guideline Value for Chelladurai Garden

Chelladurai Garden guideline value

The current guideline value of Chelladurai Garden is Rs 175 per sq.ft, effective from 1 July 2024. This area is located in Nallur village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Chelladurai Garden has changed

The guideline value for Chelladurai Garden has undergone several revisions over the years. The 2012 revision set the value at Rs 175 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 117 per sq.ft, marking a 33% decline. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 175 per sq.ft. The 2024 revision also maintains this value, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street, as the register has no figure for these years.

Guideline values in Nallur

In Nallur, there are 33 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 126 to Rs 700 per sq.ft, with a median value of Rs 250 per sq.ft. Chelladurai Garden's 2024 figure is below this median.

• Dharmasastha Nagar: Rs 350 per sq.ft (2024)
• Balaji nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Street: Rs 250 per sq.ft (2024)
• HiTech City: Rs 175 per sq.ft (2024)
• Akshaya Boomi Lake View: Rs 450 per sq.ft (2024)
• Indira Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Chelladurai Garden

For a 1,000 sq.ft plot at the current rate of Rs 175 per sq.ft, the guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, totaling Rs 15,750. Please note that 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 Chelladurai Garden?

The Sub Registrar Office that covers Chelladurai Garden 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 Nallur

The guideline value is a crucial factor during the registration of property transactions in Nallur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property in this area.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chelladurai Garden?

The current guideline value of Chelladurai Garden is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 175 per sq.ft since 2012, with a decrease to Rs 117 per sq.ft in 2017 and an increase back to Rs 175 per sq.ft in 2023. The 2024 revision also maintains this value.

What is the land classification of Chelladurai Garden?

Chelladurai Garden is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties in Chelladurai Garden?

The stamp duty rate for properties in Chelladurai Garden is 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2%.

Where is the Sub Registrar Office for Chelladurai Garden located?

The Sub Registrar Office covering Chelladurai Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.