Guideline Value for Chelli Amman Koil Street

Chelli Amman Koil Street guideline value

The current guideline value of Chelli Amman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Kathirvedu village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Chelli Amman Koil Street has changed

The guideline value for Chelli Amman Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 70 per sq.ft, which increased to Rs 80 per sq.ft in 2003. Following this, there was a significant rise to Rs 300 per sq.ft in 2007. The value further increased to Rs 1,200 per sq.ft in 2012, but then decreased to Rs 804 per sq.ft in 2017. The value saw a substantial increase to Rs 1,200 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,300 per sq.ft.

Looking at the changes between these revisions, from 2002 to 2024, the overall increase is 1757%. The change from 2023 to 2024 reflects an 8% increase. The period from 2017 to 2023 saw a notable rise of 49%, while there was a decrease of 33% from 2012 to 2017. The increase from 2007 to 2012 was 300%, and from 2003 to 2007, it was 275%. Lastly, there was a 14% increase from 2002 to 2003.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft. Chelli Amman Koil Street's 2024 figure is below this median.

• Chelli Amman Nagar: Rs 1,300 per sq.ft (2024)
• Cannan Habitat: Rs 1,500 per sq.ft (2024)
• Brittania Nagar: Rs 1,400 per sq.ft (2024)
• Co-Operative Nagar (Government Co-Op Nagar): Rs 1,900 per sq.ft (2024)
• Birla Avenue Extension (Anbu Estate): Rs 1,500 per sq.ft (2024)
• Birla Avenue Annex (Anbu Estate): Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Chelli Amman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty, calculated at 7%, would be Rs 91,000, and the registration fee at 2% would be Rs 26,000. Together, the total cost for these fees would be Rs 1,17,000. 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 information.

Which Sub Registrar Office covers Chelli Amman Koil Street?

The Sub Registrar Office that covers Chelli Amman Koil Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

When buying or selling property in Kathirvedu, the guideline value is an essential factor in determining the registration fees and stamp duty. These fees are calculated based on the guideline value set by the registration department, which serves as a benchmark for property transactions in the area.

It is crucial for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. The guideline value ensures that the transactions are recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Chelli Amman Koil Street?

The current guideline value of Chelli Amman Koil Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 70 per sq.ft in 2002 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 1757% across the years.

What is the land classification for Chelli Amman Koil Street?

The land classification for Chelli Amman Koil Street is Residential Class III Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where can I find the Sub Registrar Office for Chelli Amman Koil Street?

The Sub Registrar Office for Chelli Amman Koil Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.