Guideline Value for Chelliamman Nagar

Chelliamman Nagar guideline value

The current guideline value of Chelliamman Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam B village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Chelliamman Nagar has changed

The guideline value for Chelliamman Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 500 per sq.ft, which is unchanged from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 335 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Thus, the only figures available are from 2017, 2023, and 2024.

Guideline values in Katrampakkam B

Katrampakkam B village has a total of 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value in this village is Rs 275 per sq.ft, placing Chelliamman Nagar's 2024 figure above this median.

• Cine Production Assistant Nagar: Rs 500 per sq.ft (2024)
• Bramanar Street: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Adhiparasakthi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost to Rs 45,000. 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?

The Sub Registrar Office that covers Chelliamman Nagar 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 Katrampakkam B

The guideline value is a critical factor in the registration process when buying or selling property in Katrampakkam B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Chelliamman Nagar?

The current guideline value of Chelliamman Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 500 per sq.ft in 2024, which is a 49% increase. There were no figures available for the revisions in 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Katrampakkam B?

Other streets in Katrampakkam B have varying guideline values ranging from Rs 150 to Rs 800 per sq.ft. Chelliamman Nagar's value of Rs 500 per sq.ft is above the median value of Rs 275 per sq.ft in the village.

What are the stamp duty and registration fees for properties in Chelliamman Nagar?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total cost would be Rs 45,000, based on the current guideline value.

Where is the Sub Registrar Office for Chelliamman Nagar located?

The Sub Registrar Office covering Chelliamman Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.