Guideline Value for Chettipettai

Chettipettai guideline value

The current guideline value of Chettipettai, located in Malliyankaranai village under the Uthiramerur SRO, is Rs 200 per sq.ft effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Chettipettai has changed

The guideline value for Chettipettai has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 134 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 200 per sq.ft, which has remained the same in the 2024 revision.

Between the revisions, the guideline value changed as follows: from 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft, with a median value of Rs 401 per sq.ft. The guideline value for Chettipettai is below this median.

• Chellammal Nagar: Rs 401 per sq.ft (2024)
• DSR Avenue: Rs 450 per sq.ft (2024)
• DSS Avenue: Rs 450 per sq.ft (2024)
• Durai Raj Nagar: Rs 603 per sq.ft (2024)
• Balaji Nagar: Rs 250 per sq.ft (2024)
• A.V.Avenu: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Chettipettai

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total 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, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 Malliyankaranai

The guideline value is crucial during the registration of property transactions in Malliyankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. 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 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 remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, and then returning to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Chettipettai?

Chettipettai falls under the Residential Class II Type - I land classification.

Where can I find the Uthiramerur Sub Registrar Office?

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

How is stamp duty calculated in Chettipettai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.