Guideline Value for Chelliyamman Nagar

Chelliyamman Nagar guideline value

The current guideline value of Chelliyamman Nagar is Rs 1,003 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village under the Redhills SRO, classified as Residential Class I Type - I.

How the guideline value of Chelliyamman Nagar has changed

The guideline value for Chelliyamman Nagar has seen several revisions over the years. Starting from Rs 52 per sq.ft in 2003, it increased significantly to Rs 500 per sq.ft in 2007. The value then rose to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The most recent revision in 2024 set the guideline value at Rs 1,003 per sq.ft, marking an increase of 87% from the 2017 figure.

Notably, there are no figures available for the revisions in 2023 and 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by a remarkable 1829%.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value is Rs 1,003 per sq.ft, which is equal to the guideline value of Chelliyamman Nagar.

• Cherriyan Nagar: Rs 1,006 per sq.ft (2024)
• Buneshwari Nagar: Rs 1,006 per sq.ft (2024)
• C.K. Madhavan Nagar Extension: Rs 1,004 per sq.ft (2024)
• Co-operative Nagar: Rs 1,000 per sq.ft (2024)
• Bhuvaneswari Avenue: Rs 1,004 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 1,006 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,003 per sq.ft, the total guideline value would be Rs 10,03,000. The stamp duty at 7% would be Rs 70,210, and the registration fee at 2% would be Rs 20,060, totaling Rs 90,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chelliyamman Nagar?

The Sub Registrar Office that covers Chelliyamman Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Vadaperumbakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The fees are calculated based on the guideline value or the actual sale price, whichever is higher.

When registering a property, it is essential to be aware of the guideline value, as it can significantly impact the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Chelliyamman Nagar?

The current guideline value of Chelliyamman Nagar is Rs 1,003 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 52 per sq.ft in 2003 to Rs 1,003 per sq.ft in 2024, reflecting a total increase of 1829% over this period.

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

Other streets in Vadaperumbakkam include Cherriyan Nagar at Rs 1,006 per sq.ft, Buneshwari Nagar at Rs 1,006 per sq.ft, and C.K. Madhavan Nagar Extension at Rs 1,004 per sq.ft, among others.

Where is the Sub Registrar Office for Chelliyamman Nagar located?

The Sub Registrar Office for Chelliyamman Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in Chelliyamman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 10,03,000 would incur a stamp duty of Rs 70,210 at 7%.