Guideline Value for Chellaperumal Nagar Ist Street

Chellaperumal Nagar Ist Street guideline value

The current guideline value of Chellaperumal Nagar Ist Street is Rs 700 per sq.ft. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Chellaperumal Nagar Ist Street has changed

The guideline value for Chellaperumal Nagar Ist Street has undergone several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 700 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, indicating a significant increase of 49% from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, which means that the only recorded values are from 2017, 2023, and 2024.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the 2024 figure for Chellaperumal Nagar Ist Street.

• Chellaperumal Nagar Ist Cross Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IInd Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IInd Cross Street: Rs 700 per sq.ft (2024)
• Chellaperumal Nagar IIIrd 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 Ist Street

For a 1,000 sq.ft plot at the current rate, the 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 details.

Which Sub Registrar Office covers Chellaperumal Nagar Ist Street?

The Sub Registrar Office that covers Chellaperumal Nagar Ist 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 in property transactions in Sriperumbudur A, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that these fees are based on a standardized value set by the registration department.

During the registration process, buyers and sellers must refer to the guideline value to understand the financial obligations associated with the transaction. This value helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

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

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

How much has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024. From 2017 to 2023, it increased by 49%, from Rs 469 per sq.ft to Rs 700 per sq.ft.

What is the land classification for Chellaperumal Nagar Ist Street?

The land classification for Chellaperumal Nagar Ist Street is Residential Class III Type - I.

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

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

How is stamp duty calculated for properties in Chellaperumal Nagar Ist Street?

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