Guideline Value for Chellammal Nagar

Chellammal Nagar guideline value

The current guideline value of Chellammal Nagar, located in Malliyankaranai village under the Uthiramerur SRO, is Rs 401 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - II land classification.

How the guideline value of Chellammal Nagar has changed

The guideline value for Chellammal Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 400 per sq.ft, which then dropped to Rs 268 per sq.ft in 2017. This represented a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 400 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 401 per sq.ft, reflecting no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 401 per sq.ft.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 603 per sq.ft. The median value for these streets is Rs 401 per sq.ft, which is equal to the guideline value of Chellammal Nagar.

• Chettipettai: Rs 200 per sq.ft (2024)
• DSR Avenue: Rs 450 per sq.ft (2024)
• DSS Avenue: Rs 450 per sq.ft (2024)
• Durai Raj Nagar: Rs 603 per sq.ft (2024)
• Balaji Nagar: Rs 250 per sq.ft (2024)
• A.V.Avenu: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Chellammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, and the registration fee at 2% would be Rs 8,020, totaling Rs 36,090. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chellammal Nagar?

The Sub Registrar Office that covers Chellammal Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor in the registration process for buying or selling property in Malliyankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chellammal Nagar?

The current guideline value of Chellammal Nagar is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 401 per sq.ft in 2024.

What is the land classification of Chellammal Nagar?

Chellammal Nagar is classified as Residential Special Type - II according to the land classification guidelines.

What are the stamp duty and registration fees for property in Chellammal Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 36,090.

Which office handles registrations for Chellammal Nagar?

The Uthiramerur Sub Registrar Office handles registrations for Chellammal Nagar, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.