Guideline Value for Chelliamman Nagar - II

Chelliamman Nagar - II guideline value

The current guideline value of Chelliamman Nagar - II is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Puthuper village under the Sriperumpudur SRO, classified as Residential Special Type - I.

How the guideline value of Chelliamman Nagar - II has changed

The guideline value for Chelliamman Nagar - II has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision recorded a lower value of Rs 268 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 400 per sq.ft, indicating no change from the previous year. Notably, there are no registered figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthuper

Puthuper village has a total of 39 streets under the Sriperumpudur SRO, with the 2024 guideline values ranging from Rs 100 to Rs 1,350 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is equal to the guideline value of Chelliamman Nagar - II.

• Chelliamman Nagar: Rs 400 per sq.ft (2024)
• Cini production Assistants Nagar: Rs 510 per sq.ft (2024)
• Devadoss Garden: Rs 400 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 400 per sq.ft (2024)
• Dhanalakshmi Nagar Ext: Rs 400 per sq.ft (2024)
• Docter Sundaravelu Garden: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliamman Nagar - II

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total cost for these fees Rs 36,000. 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 Nagar - II?

The Sub Registrar Office that covers Chelliamman Nagar - II is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Puthuper. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps establish a baseline for the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chelliamman Nagar - II?

The current guideline value of Chelliamman Nagar - II is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since the 2012 revision, with a notable decrease to Rs 268 per sq.ft in 2017 and an increase back to Rs 400 per sq.ft in 2023.

What are the other streets in Puthuper with their guideline values?

Other streets in Puthuper include Chelliamman Nagar at Rs 400 per sq.ft, Cini production Assistants Nagar at Rs 510 per sq.ft, and Docter Sundaravelu Garden at Rs 600 per sq.ft, among others.

What fees are associated with buying property in Chelliamman Nagar - II?

When buying property in Chelliamman Nagar - II, you will incur stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Chelliamman Nagar - II?

The Sriperumpudur Sub Registrar Office is responsible for property registrations in Chelliamman Nagar - II, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.