Guideline Value for Chellasamy Nagar

Chellasamy Nagar guideline value

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

How the guideline value of Chellasamy Nagar has changed

Over the years, the guideline value of Chellasamy Nagar has seen several revisions. The earliest recorded figure is from 2007, when it was Rs 75 per sq.ft. This value increased significantly to Rs 300 per sq.ft in 2012, and then saw a decrease to Rs 201 per sq.ft in 2017. After that, it remained stable at Rs 300 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change from the previous year.

The changes between these revisions are noteworthy. From 2007 to 2012, there was a substantial increase of 300%, followed by a decrease of 33% from 2012 to 2017. However, from 2017 to 2023, the value increased by 49%, and the latest revision shows no change from the previous year.

Guideline values in Ponthoor

Ponthoor village has 79 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 200 to Rs 2,239 per sq.ft. The median value is Rs 300 per sq.ft, which aligns with the current guideline value of Chellasamy Nagar.

• Chandra Avenue: Rs 1,206 per sq.ft (2024)
• Bangalore National Highway: Rs 600 per sq.ft (2024)
• Erikkarai Street: Rs 300 per sq.ft (2024)
• Avaram Poo Street: Rs 300 per sq.ft (2024)
• Arket Poo Street: Rs 300 per sq.ft (2024)
• Gayathiri Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Chellasamy 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 is charged at 7%, resulting in Rs 21,000, and the registration fee is 2%, which adds Rs 6,000. Therefore, the total cost for stamp duty and registration fees would be Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chellasamy Nagar?

The Sub Registrar Office that covers Chellasamy 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 information.

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

The guideline value plays a crucial role during property transactions in Ponthoor. It is the benchmark used to determine the minimum value at which a property can be registered. Buyers and sellers must be aware of this value as it directly impacts the stamp duty and registration fees payable during the transaction.

When a property is bought or sold, the guideline value is assessed to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions, and it also provides a transparent framework for property valuation.

Frequently asked questions

What is the current guideline value of Chellasamy Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then decreased to Rs 201 per sq.ft in 2017, and has remained at Rs 300 per sq.ft in both 2023 and 2024.

What is the land classification of Chellasamy Nagar?

Chellasamy Nagar is classified as Residential Class III Type - I.

What is the stamp duty rate for properties in Chellasamy Nagar?

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

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

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