Guideline Value for Chelliamman Nagar

Chelliamman Nagar guideline value

The current guideline value for Chelliamman Nagar, located in Puthuper village, is Rs 400 per sq.ft, effective from 1 July 2024. This area falls 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. In the 2007 revision, the value was set at Rs 50 per sq.ft, which increased significantly to Rs 400 per sq.ft in the 2012 revision. However, in the 2017 revision, it dropped to Rs 268 per sq.ft, before returning to Rs 400 per sq.ft in both the 2023 and 2024 revisions, showing no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 700%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Puthuper

Puthuper village has a range of guideline values across its 39 streets under the Sriperumpudur SRO, with values varying from Rs 100 to Rs 1,350 per sq.ft. The median guideline value is Rs 400 per sq.ft, which is equal to the current value for Chelliamman Nagar.

• Chelliamman Nagar - II: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to 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?

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 Puthuper

The guideline value is a crucial factor in the registration process when buying or selling property in Puthuper. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties adhere to the legal requirements during the transaction.

When engaging in a property transaction, it is essential to be aware of the guideline value as it can affect the overall costs involved. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Chelliamman Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 50 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, dropped to Rs 268 per sq.ft in 2017, and returned to Rs 400 per sq.ft in both 2023 and 2024.

What are the guideline values for other streets in Puthuper?

Other streets in Puthuper have guideline values ranging from Rs 100 to Rs 1,350 per sq.ft, with the median value being Rs 400 per sq.ft.

What is the registration fee for property in Chelliamman Nagar?

The registration fee is calculated based on the guideline value. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total registration fee would be Rs 8,000.

Where can I find the Sub Registrar Office for Chelliamman Nagar?

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