Guideline Value for Chengalpet Road

Chengalpet Road guideline value

The current guideline value of Chengalpet Road in Maathoor village is Rs 1,000 per sq.ft, effective from the 2024 revision. This area falls under the Sunguvarchattram SRO and is classified as Residential Special Type - I.

How the guideline value of Chengalpet Road has changed

Over the years, the guideline value of Chengalpet Road has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision when it decreased to Rs 670 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 1,000 per sq.ft in the 2023 revision, maintaining that same figure in the 2024 revision, resulting in an overall change of 0% from 2012 to 2024.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO, with the 2024 guideline values ranging from Rs 250 to Rs 2,687 per sq.ft. The median value for these streets is Rs 500 per sq.ft, indicating that the guideline value of Chengalpet Road is above this median.

• ChengelPattu-Thiruvallur Main Road: Rs 1,000 per sq.ft (2024)
• Compact Homes Jalmika: Rs 2,687 per sq.ft (2024)
• Bharathi Street: Rs 500 per sq.ft (2024)
• Bajani Kovil Street: Rs 500 per sq.ft (2024)
• Ezhil Nagar: Rs 300 per sq.ft (2024)
• Avvaiyar Street: Rs 500 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 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty is calculated at 7%, which comes to Rs 70,000, and the registration fee is 2%, totaling Rs 20,000. Therefore, together, the fees amount to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chengalpet Road?

The Chengalpet Road is covered by 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 Maathoor

The guideline value is a crucial factor in the registration process of property transactions in Maathoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a buyer or seller engages in a property transaction, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the established values. This process helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Chengalpet Road?

The current guideline value of Chengalpet Road is Rs 1,000 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft in the 2023 and 2024 revisions, while it decreased to Rs 670 per sq.ft in 2017 from Rs 1,000 per sq.ft in 2012.

What is the land classification for Chengalpet Road?

Chengalpet Road is classified as Residential Special Type - I under the Sunguvarchattram SRO.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 90,000.

Which office handles property registrations for Chengalpet Road?

The Sunguvarchattram Sub Registrar Office handles property registrations for Chengalpet Road, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.