Guideline Value for Chellaperumal Nagar

Chellaperumal Nagar guideline value

The current guideline value of Chellaperumal Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Chellaperumal Nagar has changed

Over the years, the guideline value for Chellaperumal Nagar has seen several revisions. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 400 per sq.ft, but it has decreased by 25% to Rs 300 per sq.ft in the 2024 revision.

The changes from the previous revisions indicate a significant drop in the guideline value from 2023 to 2024. The current value of Rs 300 per sq.ft reflects the latest adjustment, aligning with the trend of other streets in the area.

Guideline values in Nemili_B

Nemili_B has a total of 97 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Chellaperumal Nagar above this median with its current value of Rs 300 per sq.ft.

• Chennai Bangaluru main road: Rs 600 per sq.ft (2024)
• Chowndhira Panidan Nagar: Rs 300 per sq.ft (2024)
• Bharathiyar Street: Rs 150 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 250 per sq.ft (2024)
• Bharathi Nagar: Rs 200 per sq.ft (2024)
• Bhagavathy Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chellaperumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chellaperumal Nagar?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Nemili_B. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is essential for calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Chellaperumal Nagar?

The current guideline value of Chellaperumal Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value decreased from Rs 400 per sq.ft in 2023 to Rs 300 per sq.ft in 2024, representing a 25% reduction.

What is the land classification for Chellaperumal Nagar?

Chellaperumal Nagar is classified as Residential Class I Type - I.

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

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

How is stamp duty calculated for properties in Chellaperumal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a total guideline value of Rs 3,00,000, leading to a stamp duty of Rs 21,000.