Guideline Value for Chelliamman Koil Street

Chelliamman Koil Street guideline value

The current guideline value of Chelliamman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Chelliamman Koil Street has changed

The guideline value for Chelliamman Koil Street has undergone 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. However, this figure saw a decrease to Rs 1,340 per sq.ft in 2017. The next revision in 2023 raised it to Rs 2,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 2,200 per sq.ft.

Between these revisions, notable changes include a 208% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur village, 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, with a median value of Rs 2,200 per sq.ft. Chelliamman Koil Street's 2024 guideline value aligns with this median.

• Chelliamman Koil Main Road: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil Erikarai Street: Rs 2,200 per sq.ft (2024)
• Chelliamman Koil Backside: Rs 1,650 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 Street

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 amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chelliamman Koil Street?

The Sub Registrar Office that covers Chelliamman Koil Street is 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 details.

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

The guideline value is a crucial 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, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is utilized to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transaction based on the established guideline values.

Frequently asked questions

What is the current guideline value of Chelliamman Koil Street?

The current guideline value of Chelliamman Koil Street 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, reflecting 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 Main Road, Chelliamman Koil Erikarai Street, Chelliamman Koil 2nd Street, Chelliamman Koil 2d Cross Street, and Chelliamman Koil 1st Cross 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 can I find the Sub Registrar Office for Chelliamman Koil Street?

The Sub Registrar Office for Chelliamman Koil Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.