Guideline Value for Chellaperumal Nagar IInd Street

Chellaperumal Nagar IInd Street guideline value

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

The guideline value for Chellaperumal Nagar IInd Street has undergone several revisions over the years. The 2017 revision recorded a value of Rs 469 per sq.ft. This figure remained unchanged in the subsequent 2023 revision, which also listed the value at Rs 700 per sq.ft. The latest revision in 2024 confirms the same rate of Rs 700 per sq.ft, indicating no change from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been an increase of 49%. It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, a total of 238 streets under the Sriperumpudur SRO have a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value among these streets is Rs 700 per sq.ft, which is the same as the current guideline value for Chellaperumal Nagar IInd Street.

• Chellaperumal Nagar IInd Cross Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar Ist Cross Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IIIrd Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar Ist Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar: 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 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 is charged at 7%, which totals Rs 49,000, and the registration fee is charged at 2%, amounting to Rs 14,000. Together, the total fees would be Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chellaperumal Nagar IInd Street?

The Sub Registrar Office that covers Chellaperumal Nagar IInd Street 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 Sriperumbudur A

The guideline value is a critical factor during the registration process when buying or selling property in Sriperumbudur A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the true value of the property being exchanged.

Frequently asked questions

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

The current guideline value of Chellaperumal Nagar IInd 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 increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall since 2017.

Are there any years without a guideline value for this street?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Chellaperumal Nagar IInd Street.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Chellaperumal Nagar IInd Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

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