Guideline Value for Chellaperumal Nagar IIIrd Street

Chellaperumal Nagar IIIrd Street guideline value

The current guideline value of Chellaperumal Nagar IIIrd 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 Chellaperumal Nagar IIIrd Street has changed

The guideline value for Chellaperumal Nagar IIIrd Street has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which remained unchanged at Rs 700 per sq.ft in the 2023 revision. The current 2024 revision also maintains this figure at Rs 700 per sq.ft, indicating a 49% increase from the 2017 revision.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the changes from 2017 to 2023 reflect a significant increase of 49%, and the overall change from 2017 to 2024 is also +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, with a median value of Rs 700 per sq.ft. Chellaperumal Nagar IIIrd Street's 2024 figure aligns with this median.

• Chellaperumal Nagar: 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)
• Chellaperumal Nagar Ist Street: Rs 700 per sq.ft (2024)
• Chekkadi Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Chellaperumal Nagar IIIrd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Chellaperumal Nagar IIIrd Street?

The Sub Registrar Office that covers Chellaperumal Nagar IIIrd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that both the buyer and seller are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Chellaperumal Nagar IIIrd Street?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 469 per sq.ft in 2017.

What is the land classification for Chellaperumal Nagar IIIrd Street?

Chellaperumal Nagar IIIrd Street is classified as Residential Class III Type - I.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which office handles property registrations for Chellaperumal Nagar IIIrd Street?

The Sriperumpudur Sub Registrar Office handles property registrations for Chellaperumal Nagar IIIrd Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu.