Guideline Value for ChettiPettai

ChettiPettai guideline value

The current guideline value of ChettiPettai is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class I Type - II.

How the guideline value of ChettiPettai has changed

The guideline value for ChettiPettai has seen several revisions over the years. In the 2007 revision, the value was set at Rs 100 per sq.ft, which increased to Rs 200 per sq.ft in 2012. However, it decreased to Rs 134 per sq.ft in 2017. The 2023 revision maintained the value at Rs 200 per sq.ft, and the current 2024 revision also holds it at Rs 200 per sq.ft. The register has no figure for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, there has been a 100% increase in the guideline value. Notably, the change from 2017 to 2023 showed a 49% increase, while the 2012 to 2017 revision saw a decrease of 33%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median of Rs 800 per sq.ft. ChettiPettai's 2024 figure is below this median.

• Dans Pettai: Rs 1,000 per sq.ft (2024)
• Dhurgaiyamman Koil 2nd Street: Rs 700 per sq.ft (2024)
• Dhurgaiyamman Koil 3rd Street: Rs 700 per sq.ft (2024)
• Dhurgaiyamman Koil Street 1st Street: Rs 700 per sq.ft (2024)
• Bazar Street: Rs 1,500 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in ChettiPettai

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. 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 ChettiPettai?

The Sub Registrar Office covering ChettiPettai is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Uthiramerur. It is used to determine the stamp duty and registration fees payable when buying or selling property. The value helps in ensuring that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

When a property is registered, the guideline value serves as a benchmark for the minimum price at which the property can be sold. This ensures that the sale price reflects the value of the property as determined by the government, helping to maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of ChettiPettai?

The current guideline value of ChettiPettai is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions being Rs 200 per sq.ft in 2023 and 2024, up from Rs 134 per sq.ft in 2017. The value was Rs 200 per sq.ft in 2012 and Rs 100 per sq.ft in 2007.

What are the guideline values of other streets in Uthiramerur?

Other streets in Uthiramerur have varying guideline values. For instance, Dans Pettai is valued at Rs 1,000 per sq.ft, while Balaji Nagar is valued at Rs 300 per sq.ft in 2024.

What fees are associated with buying property in ChettiPettai?

When buying property in ChettiPettai, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 18,000.

Where is the Sub Registrar Office for ChettiPettai located?

The Sub Registrar Office for ChettiPettai is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.