Guideline Value for Chelliamman Koil 2nd Cross Street

Chelliamman Koil 2nd Cross Street guideline value

The current guideline value for Chelliamman Koil 2nd Cross Street is Rs 500 per sq.ft. This street falls under the Nallur_2 village and is registered with the Redhills SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Chelliamman Koil 2nd Cross Street has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure increased to Rs 500 per sq.ft in the 2023 revision, marking a change of +49% over the six-year period. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2024.

The most recent revision in 2023 reflects a significant increase from the previous revision in 2017. The guideline value has seen substantial growth, indicating changes in property valuation in this area.

Guideline values in Nallur_2

No specific village figures are provided for Nallur_2. Chelliamman Koil 2nd Cross Street is the only street mentioned under the Redhills SRO.

Stamp duty and registration fee for property in Chelliamman Koil 2nd Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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. 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 detailed calculations.

Which Sub Registrar Office covers Chelliamman Koil 2nd Cross Street?

The Sub Registrar Office that covers Chelliamman Koil 2nd Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. For further information, you can find your SRO.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Nallur_2, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal documentation.

It is crucial for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations. The registration office uses this value to assess the transaction and ensure that the correct fees are collected based on the property's valuation.

Frequently asked questions

What is the current guideline value for Chelliamman Koil 2nd Cross Street?

The current guideline value for Chelliamman Koil 2nd Cross Street is Rs 500 per sq.ft, as per the 2023 revision.

How much has the guideline value changed from 2017 to 2023?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 335 per sq.ft to Rs 500 per sq.ft, which is a change of +49%.

Are there any guideline value figures for the years 2002, 2003, 2007, 2012, and 2024?

The register has no figure for Chelliamman Koil 2nd Cross Street for the years 2002, 2003, 2007, 2012, and 2024.

What is the stamp duty rate for property transactions in Chelliamman Koil 2nd Cross Street?

The stamp duty rate for property transactions in Chelliamman Koil 2nd Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Chelliamman Koil 2nd Cross Street located?

The Sub Registrar Office for Chelliamman Koil 2nd Cross Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.