Guideline Value for Cheran Street

Cheran Street guideline value

The current guideline value of Cheran Street in Periyakuppam village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - I.

How the guideline value of Cheran Street has changed

The guideline value for Cheran Street has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The 2023 revision raised it to Rs 500 per sq.ft, and the most recent 2024 revision has set the value at Rs 550 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. Notably, the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. Cheran Street's 2024 figure is below this median.

• Cholan Street: Rs 550 per sq.ft (2024)
• Bypass Road (Mungil Udayar Thirumanamandapam Varai): Rs 3,300 per sq.ft (2024)
• Bhavani Nagar: Rs 879 per sq.ft (2024)
• Dharmalingam Street: Rs 1,100 per sq.ft (2024)
• Bethar Street: Rs 550 per sq.ft (2024)
• Bala Vinayagar Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Cheran Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Cheran Street?

Cheran Street is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction, including the costs associated with stamp duty and registration. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions.

Frequently asked questions

What is the current guideline value of Cheran Street?

The current guideline value of Cheran Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, showing an overall increase of 175% over the years.

What is the stamp duty rate for properties in Cheran Street?

The stamp duty rate for properties in Cheran Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Cheran Street located?

The Sub Registrar Office for Cheran Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

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

Other streets in Periyakuppam include Cholan Street and Bethar Street, both at Rs 550 per sq.ft, and Bypass Road (Mungil Udayar Thirumanamandapam Varai) at Rs 3,300 per sq.ft, among others.