Guideline Value for Chelli Nagar Kambar Street

Chelli Nagar Kambar Street guideline value

The current guideline value of Chelli Nagar Kambar Street is Rs 3,750 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village and falls under the Selaiyur SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Chelli Nagar Kambar Street has changed

Since the 2012 revision, the guideline value has seen various changes. In 2012, the value was Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the guideline value at Rs 3,750 per sq.ft, which is a 7% increase from the previous year.

The register has no figure for Chelli Nagar Kambar Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, making Chelli Nagar Kambar Street's 2024 figure of Rs 3,750 per sq.ft above that median.

• Chelli Nagar: Rs 3,750 per sq.ft (2024)
• Chelli Nagar Main Road: Rs 3,750 per sq.ft (2024)
• Chilappathigaram Street: Rs 850 per sq.ft (2024)
• Chimaya Colony: Rs 2,150 per sq.ft (2024)
• Chimaya Colony Cross Street: Rs 2,150 per sq.ft (2024)
• Chitlapakkam Main Road: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Chelli Nagar Kambar Street

For a 1,000 sq.ft plot at the current rate of Rs 3,750 per sq.ft, the guideline value amounts to Rs 37,50,000. The stamp duty at 7% would be Rs 2,62,500, and the registration fee at 2% would be Rs 75,000, bringing the total to Rs 3,37,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chelli Nagar Kambar Street?

The Sub Registrar Office that covers Chelli Nagar Kambar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for additional details.

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

The guideline value is a crucial factor when registering property transactions in Rajakilpakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a price that reflects the prevailing market conditions for the respective area, thus facilitating a transparent process for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Chelli Nagar Kambar Street?

The current guideline value of Chelli Nagar Kambar Street is Rs 3,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,750 per sq.ft in 2024, a 7% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification for Chelli Nagar Kambar Street?

Chelli Nagar Kambar Street is classified as Commercial Class I Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the registration office for Chelli Nagar Kambar Street?

The registration office for Chelli Nagar Kambar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 37,50,000, the stamp duty would be calculated at 7% of that amount.