Guideline Value for Chemman Kuttai Street

Chemman Kuttai Street guideline value

The current guideline value of Chemman Kuttai Street is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Podavoor village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Chemman Kuttai Street has changed

The guideline value for Chemman Kuttai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in 2017, marking a 33% drop. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft, where it remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Podavoor

In Podavoor, there are 20 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Chemman Kuttai Street below this median.

• Detroid Layout: Rs 400 per sq.ft (2024)
• Ellaiamman Kovil Street: Rs 181 per sq.ft (2024)
• Bajanai Kovil Street: Rs 300 per sq.ft (2024)
• Ayyar Street: Rs 181 per sq.ft (2024)
• Anubav Green Rich Village: Rs 600 per sq.ft (2024)
• Anubav Green Land: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Chemman Kuttai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value would be Rs 1,81,000. The stamp duty at 7% would amount to Rs 12,670, and the registration fee at 2% would be Rs 3,620, leading to a total of Rs 16,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chemman Kuttai Street?

The Sub Registrar Office that covers Chemman Kuttai Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Podavoor. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Chemman Kuttai Street?

The current guideline value of Chemman Kuttai Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, followed by an increase back to Rs 181 per sq.ft in 2023, which remained the same in 2024.

What is the land classification for Chemman Kuttai Street?

Chemman Kuttai Street is classified as Residential Class II Type - I.

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

Other streets in Podavoor under the Sunguvarchattram SRO have varying guideline values, with the highest being Rs 600 per sq.ft and the lowest being Rs 181 per sq.ft, which is the same as Chemman Kuttai Street.

Where can I find the Sub Registrar Office for Chemman Kuttai Street?

The Sub Registrar Office for Chemman Kuttai Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.