Guideline Value for Chelliamman Koil Street

Chelliamman Koil Street guideline value

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

How the guideline value of Chelliamman Koil Street has changed

In the 2017 revision, the guideline value was Rs 335 per sq.ft. This figure was then revised to Rs 500 per sq.ft in 2023, marking an increase of 49% over the six-year period. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

The guideline value has seen a significant increase from the 2017 revision to the 2023 revision. The absence of figures for earlier and later revisions indicates that the guideline value has been subject to periodic assessments, with the most recent being the 2023 revision.

Guideline values in Nallur_2

No specific village figures are provided for Nallur_2. Currently, Chelliamman Koil Street is the only street mentioned in the Redhills SRO.

Stamp duty and registration fee for property in Chelliamman Koil 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 be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that 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 details.

Which Sub Registrar Office covers Chelliamman Koil Street?

The Sub Registrar Office that covers Chelliamman Koil Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Nallur_2. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to refer to the guideline value to understand the financial implications of the transaction. Buyers and sellers must be aware that the guideline value may differ from the actual sale price, but the duty is charged based on the higher of the two.

Frequently asked questions

What is the current guideline value of Chelliamman Koil Street?

The current guideline value of Chelliamman Koil Street is Rs 500 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

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 values available for earlier revisions?

No figures are available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Chelliamman Koil Street.

What is the stamp duty rate for properties in Chelliamman Koil Street?

The stamp duty rate for properties in Chelliamman Koil Street is 7% of the guideline value or the sale price, whichever is higher.

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

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