Guideline Value for Chelliamman Koil 2nd Cross Street

Chelliamman Koil 2nd Cross Street guideline value

The current guideline value of Chelliamman Koil 2nd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village under the Sembiam SRO, classified as Residential Class I Type - I.

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

The guideline value for Chelliamman Koil 2nd Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012, marking a 150% rise. However, in 2017, the value decreased to Rs 1,675 per sq.ft, reflecting a decline of 33%. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the most recent 2024 revision has set it at Rs 2,700 per sq.ft, an increase of 8% from the previous year.

There are no guideline value figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 170%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft, with a median value of Rs 3,301 per sq.ft. Chelliamman Koil 2nd Cross Street's 2024 figure is below this median.

• Chelliamman Koil 2nd Street: Rs 2,700 per sq.ft (2024)
• Chelliamman Koil 2nd Street (Bashyam Reddy Colony): Rs 2,700 per sq.ft (2024)
• Chelliamman Koil 1st Street: Rs 2,700 per sq.ft (2024)
• Chelliamman Colony 2nd Street: Rs 2,700 per sq.ft (2024)
• Chelliamman Colony 1st Street: Rs 2,700 per sq.ft (2024)
• Chelliamman Colony 1st Cross Street: Rs 2,700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. Please 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 Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected value of the transaction. It is essential to consider this value, as it directly impacts the costs associated with registration and the overall transaction process.

Frequently asked questions

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

The current guideline value of Chelliamman Koil 2nd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 170% over the years.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers this street?

The Sembiam Sub Registrar Office covers Chelliamman Koil 2nd Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Chelliamman Koil 2nd Cross Street?

Chelliamman Koil 2nd Cross Street is classified as Residential Class I Type - I.