Guideline Value for Chelliyamman Koil Street(Sivan Koil Street)

Chelliyamman Koil Street(Sivan Koil Street) guideline value

The current guideline value of Chelliyamman Koil Street(Sivan Koil Street) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village and falls under the Pallavaram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Chelliyamman Koil Street(Sivan Koil Street) has changed

The guideline value for Chelliyamman Koil Street has undergone several revisions over the years. The earliest recorded figure is from 2003, where the value was Rs 173 per sq.ft. This value increased significantly to Rs 500 per sq.ft in 2007, marking a rise of 189%. In 2012, the value saw a substantial increase to Rs 1,800 per sq.ft, which was a 260% increase from the previous revision. However, in 2017, the value dropped to Rs 1,206 per sq.ft, a decrease of 33%. The most recent revisions show that the value increased to Rs 1,800 per sq.ft in 2023, followed by a further increase to Rs 1,980 per sq.ft in 2024, which is a 10% rise.

There is no recorded figure for Chelliyamman Koil Street in the 2002 revision. Overall, the guideline value has increased by 1,045% from Rs 173 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing Chelliyamman Koil Street's 2024 guideline value below that median.

• Chelliamman Koil St, Yasodha Nagar: Rs 1,980 per sq.ft (2024)
• Chelliamman Koil St, Gandhi Nagar: Rs 1,980 per sq.ft (2024)
• Chakrapani St, Gandhi Nagar: Rs 2,200 per sq.ft (2024)
• Chittheri Quarters: Rs 2,160 per sq.ft (2024)
• Cmrd Road: Rs 3,300 per sq.ft (2024)
• Colony Street: Rs 1,080 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliyamman Koil Street(Sivan Koil Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Chelliyamman Koil Street(Sivan Koil Street)?

The Sub Registrar Office that covers Chelliyamman Koil Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Kilkattalai

The guideline value plays a crucial role during property transactions in Kilkattalai. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the transaction reflects the accurate guideline value to avoid any discrepancies. This helps in maintaining transparency and compliance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Chelliyamman Koil Street?

The current guideline value of Chelliyamman Koil Street(Sivan Koil Street) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 173 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, representing an overall increase of 1,045%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations for Chelliyamman Koil Street?

The Pallavaram Sub Registrar Office is responsible for handling property registrations for Chelliyamman Koil Street, located in Chromepet, Chennai.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of this value to ensure accurate fee calculations.