Guideline Value for Chelli Amman Nagar

Chelli Amman Nagar guideline value

The current guideline value of Chelli Amman Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Kathirvedu village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Chelli Amman Nagar has changed

The guideline value for Chelli Amman Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in 2012, marking a substantial rise of 300%. However, by 2017, the value decreased to Rs 804 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 1,200 per sq.ft in 2023, and most recently, it has increased to Rs 1,300 per sq.ft in 2024, which is an 8% rise from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 333%.

Guideline values in Kathirvedu

Kathirvedu village has 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 Nagar's current guideline value is below this median.

• Chelli Amman Koil Street: 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 Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Chelli Amman Nagar?

The Chelli Amman Nagar area falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kathirvedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of ownership. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Chelli Amman Nagar?

The current guideline value of Chelli Amman Nagar 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 300 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 333% over the years.

What are the other streets in Kathirvedu and their guideline values?

Other streets in Kathirvedu have varying guideline values, with Chelli Amman Koil Street at Rs 1,300, Cannan Habitat at Rs 1,500, Brittania Nagar at Rs 1,400, Co-Operative Nagar at Rs 1,900, and both Birla Avenue Extension and Birla Avenue Annex at Rs 1,500 per sq.ft.

What is the stamp duty and registration fee for property in Chelli Amman Nagar?

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

Which office handles registrations for Chelli Amman Nagar?

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