Guideline Value for Chelliamman Koil Backside

Chelliamman Koil Backside guideline value

The current guideline value of Chelliamman Koil Backside in Irumpuliyur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - I.

How the guideline value of Chelliamman Koil Backside has changed

The guideline value for Chelliamman Koil Backside has seen several revisions over the years. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 131% rise. However, the value decreased to Rs 1,005 per sq.ft in 2017, reflecting a decline of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,650 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 154%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Chelliamman Koil Backside is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 information.

Which Sub Registrar Office covers Chelliamman Koil Backside?

The Sub Registrar Office that covers Chelliamman Koil Backside is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that transactions are recorded accurately and transparently. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Chelliamman Koil Backside?

The current guideline value of Chelliamman Koil Backside is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 154% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations for Chelliamman Koil Backside?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Chelliamman Koil Backside, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating stamp duty and registration fees during property transactions.