Guideline Value for Chengalpet Road

Chengalpet Road guideline value

The current guideline value of Chengalpet Road is Rs 1,430 per sq.ft, effective from 1 July 2024. This road is located in Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class I Type - II.

How the guideline value of Chengalpet Road has changed

Over the years, the guideline value of Chengalpet Road has seen several revisions. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,300 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 871 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also listed the value at Rs 1,300 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Ist Division

In the Ist Division village, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, which indicates that Chengalpet Road's 2024 value is above this median.

• Chetty Street: Rs 2,200 per sq.ft (2024)
• Cheety Street @ C.V.Rajagopal Street: Rs 2,200 per sq.ft (2024)
• Chakkarathazhvar Nagar: Rs 880 per sq.ft (2024)
• Cross Back Street: Rs 1,650 per sq.ft (2024)
• Cross Street: Rs 1,650 per sq.ft (2024)
• Birunthavanam Street @ Palla Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Chengalpet Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty, charged at 7%, would be Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total to Rs 1,28,700. 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 Chengalpet Road?

The Chengalpet Road falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must consider the guideline value when negotiating sale prices, as it serves as a benchmark for property valuations.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chengalpet Road?

The current guideline value of Chengalpet Road is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, and then to Rs 1,430 per sq.ft in 2024. Overall, from 2012 to 2024, the increase is 10%.

What is the median guideline value in Ist Division?

The median guideline value in Ist Division is Rs 880 per sq.ft for 2024. Chengalpet Road's value is above this median.

What are the stamp duty and registration fees for a property on Chengalpet Road?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles property registrations for Chengalpet Road?

The Kanchipuram Joint IV Sub Registrar Office handles property registrations for Chengalpet Road, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.