Guideline Value for Chelliamman Koil Main Road

Chelliamman Koil Main Road guideline value

The current guideline value of Chelliamman Koil Main Road in Irumpuliyur village is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - II.

How the guideline value of Chelliamman Koil Main Road has changed

The guideline value for Chelliamman Koil Main Road has seen several revisions over the years. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 208%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. The value then rose again to Rs 2,000 per sq.ft in 2023, reflecting an increase of 49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a 10% increase from the previous year.

There are no figures available in the register for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value of Chelliamman Koil Main Road.

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

Stamp duty and registration fee for property in Chelliamman Koil Main Road

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 be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chelliamman Koil Main Road?

The Chelliamman Koil Main Road is covered by 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 a crucial factor in the registration process when buying or selling properties in Irumpuliyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating the applicable duties. This ensures that the state receives the correct revenue based on the property's value as per the guideline.

Frequently asked questions

What is the current guideline value of Chelliamman Koil Main Road?

The current guideline value of Chelliamman Koil Main Road 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 changed from Rs 650 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 238% over the years.

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

Other streets in Irumpuliyur with a guideline value of Rs 2,200 per sq.ft include Chelliamman Koil Erikarai Street, Chelliamman Koil Street, Chelliamman Koil 2nd Street, Chelliamman Koil 2d Cross Street, and Chelliamman Koil 1st Cross Street.

What is the stamp duty rate applicable for properties in this area?

The stamp duty rate applicable for properties in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chelliamman Koil Main Road?

The Tambaram Joint 1 Sub Registrar Office covers Chelliamman Koil Main Road and is located at No.26, Mes Road, East Tambaram, Chennai-600059.