Guideline Value for Chellaperumal Nagar IInd Cross Street

Chellaperumal Nagar IInd Cross Street guideline value

The current guideline value of Chellaperumal Nagar IInd Cross Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Chellaperumal Nagar IInd Cross Street has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged at Rs 700 per sq.ft in the 2023 revision and continued to be Rs 700 per sq.ft in the 2024 revision, indicating no change from 2023 to 2024. The overall change from the 2017 to 2024 revision is an increase of 49%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The consistent value of Rs 700 per sq.ft from 2023 to 2024 shows stability in the guideline value during this period.

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. The guideline value of Chellaperumal Nagar IInd Cross Street aligns with this median.

• Chellaperumal Nagar IIIrd Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IInd Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar: 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 IInd Cross 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, bringing the total fees to Rs 63,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chellaperumal Nagar IInd Cross Street?

The Sub Registrar Office that covers Chellaperumal Nagar IInd Cross Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Sriperumbudur A. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency and helps avoid undervaluation during the sale process.

Frequently asked questions

What is the current guideline value of Chellaperumal Nagar IInd Cross Street?

The current guideline value of Chellaperumal Nagar IInd Cross 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 unchanged at Rs 700 per sq.ft from 2023 to 2024. However, it increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023 and 2024.

What are the other streets with the same guideline value in Sriperumbudur A?

Other streets in Sriperumbudur A that have the same guideline value of Rs 700 per sq.ft include Chellaperumal Nagar IIIrd Street, Chellaperumal Nagar IInd Street, Chellaperumal Nagar, Chellaperumal Nagar Ist Cross Street, Chellaperumal Nagar Ist Street, and Chekkadi Street.

Where can I find the Sub Registrar Office for Chellaperumal Nagar IInd Cross Street?

The Sub Registrar Office for Chellaperumal Nagar IInd Cross Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chellaperumal Nagar IInd Cross Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty at 7% would be Rs 49,000.