Guideline Value for Chelliamman Koil 1st Cross Street

Chelliamman Koil 1st Cross Street guideline value

The current guideline value of Chelliamman Koil 1st Cross Street is Rs 500 per sq.ft. This street is located in Nallur_2 village, under the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Chelliamman Koil 1st Cross Street has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure was revised to Rs 500 per sq.ft in 2023, marking an increase of 49% over the six-year period. There are no figures available for the years 2024, 2012, 2007, 2003, and 2002 in the register for this street.

The guideline value has seen a significant increase from 2017 to 2023, reflecting changes in the valuation of properties in this area. However, without figures from the other revisions, it is not possible to assess the changes over those years.

Guideline values in Nallur_2

Currently, there are no specific guideline values provided for other streets in Nallur_2. Chelliamman Koil 1st Cross Street is the only street mentioned under the Redhills SRO.

Stamp duty and registration fee for property in Chelliamman Koil 1st Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, while the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Chelliamman Koil 1st Cross Street?

The Sub Registrar Office that covers Chelliamman Koil 1st Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Nallur_2

The guideline value is an important factor when registering property transactions in Nallur_2. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chelliamman Koil 1st Cross Street?

The current guideline value of Chelliamman Koil 1st Cross Street is Rs 500 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 335 per sq.ft to Rs 500 per sq.ft, which is a rise of 49% over six years.

Are there any guideline values available for other streets in Nallur_2?

No specific guideline values are provided for other streets in Nallur_2 under the Redhills SRO. Chelliamman Koil 1st Cross Street is the only street mentioned.

What are the fees associated with buying property in Chelliamman Koil 1st Cross Street?

The fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 45,000.

Where is the Sub Registrar Office for Chelliamman Koil 1st Cross Street located?

The Sub Registrar Office for Chelliamman Koil 1st Cross Street is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.