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 2,200 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village under the Tambaram Joint 1 SRO, and the land classification is Residential Special Type - II.

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

The guideline value for Chelliamman Koil 1st Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which aligns with the current value of Chelliamman Koil 1st Cross Street.

• Chelliamman Koil 2d Cross Street: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil 2nd Street: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil Backside: Rs 1,650 per sq.ft (2024)
• Chelliamman Koil Erikarai Street: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil Main Road: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. 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 more detailed calculations.

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

The Chelliamman Koil 1st Cross Street falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Irumpuliyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation rather than the sale price alone.

When buying or selling property, both the buyer and seller must be aware of the guideline value to understand the financial implications of the transaction. This helps in ensuring compliance with legal requirements during the registration process.

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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent increase from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. The value was Rs 1,340 per sq.ft in 2017 and Rs 2,000 per sq.ft in 2012.

What are the other streets in Irumpuliyur with similar guideline values?

Other streets in Irumpuliyur, such as Chelliamman Koil 2d Cross Street, Chelliamman Koil 2nd Street, and Chelliamman Koil Erikarai Street, also have a guideline value of Rs 2,200 per sq.ft, reflecting the median value in the area.

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

When purchasing property, buyers should consider the stamp duty, which is charged at 7% of the guideline value, and the registration fee, which is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,98,000.

Where can I find the Sub Registrar Office for Chelliamman Koil 1st Cross Street?

The Sub Registrar Office covering Chelliamman Koil 1st Cross Street is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.