Guideline Value for Chellammal Nagar yamuna Street

Chellammal Nagar yamuna Street guideline value

The current guideline value for Chellammal Nagar yamuna Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO classification of Residential Special Type - II.

How the guideline value of Chellammal Nagar yamuna Street has changed

The guideline value for Chellammal Nagar yamuna Street has seen several revisions over the years. In 2007, the guideline value was Rs 650 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 208%. However, this value decreased to Rs 1,340 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 2,000 per sq.ft in 2023, and most recently, it has been revised to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

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

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current guideline value for Chellammal Nagar yamuna Street.

• Chelliamman Koil 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil 2d Cross Street: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil 2nd Street: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil Backside: Rs 1,650 per sq.ft (2024)
• Chelliamman Koil Erikarai Street: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chellammal Nagar yamuna 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, bringing the total to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Chellammal Nagar yamuna Street?

The Sub Registrar Office that covers Chellammal Nagar yamuna Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Irumpuliyur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties comply with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Chellammal Nagar yamuna Street?

The current guideline value for Chellammal Nagar yamuna 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 650 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 238% over the years.

What are the other streets in Irumpuliyur with similar guideline values?

Other streets in Irumpuliyur with a guideline value of Rs 2,200 per sq.ft include Chelliamman Koil 1st Cross Street, Chelliamman Koil 2d Cross Street, Chelliamman Koil 2nd Street, Chelliamman Koil Erikarai Street, and Chelliamman Koil Main Road.

How is stamp duty calculated for properties in Chellammal Nagar yamuna Street?

Stamp duty for properties in Chellammal Nagar yamuna Street is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate incurs a stamp duty of Rs 1,54,000.

Where can I find the Sub Registrar Office for Chellammal Nagar yamuna Street?

The Sub Registrar Office for Chellammal Nagar yamuna Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.