Guideline Value for Chettiyar Agaram Salai

Chettiyar Agaram Salai guideline value

The current guideline value of Chettiyar Agaram Salai is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Noombal village under the Kunrathur SRO and is classified as Residential Special Type - I.

How the guideline value of Chettiyar Agaram Salai has changed

The guideline value for Chettiyar Agaram Salai has undergone several revisions over the years. In the 2003 revision, the value was set at Rs 140 per sq.ft. This figure saw a significant increase in the 2017 revision, where it rose to Rs 1,273 per sq.ft, marking a change of 809%. The 2023 revision further increased the guideline value to Rs 1,900 per sq.ft, which is a 49% rise from the previous figure. The most recent revision in 2024 sees the guideline value at Rs 2,090 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002, 2007, and 2012 for this street in the register. Overall, from 2003 to 2024, the guideline value has increased by 1,393%.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which is the same as the current value for Chettiyar Agaram Salai.

• Chellammal Nagar: Rs 2,090 per sq.ft (2024)
• Brindavan Nagar: Rs 2,090 per sq.ft (2024)
• Crystal Garden Phase I: Rs 1,760 per sq.ft (2024)
• Devi Karumariyamman Nagar: Rs 1,980 per sq.ft (2024)
• Dhanalakshmi Enclave: Rs 4,290 per sq.ft (2024)
• Drowpathi Amman Koil Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Chettiyar Agaram Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chettiyar Agaram Salai?

The Sub Registrar Office that covers Chettiyar Agaram Salai is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Noombal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, making it essential to understand how these values are determined.

Frequently asked questions

What is the current guideline value of Chettiyar Agaram Salai?

The current guideline value of Chettiyar Agaram Salai is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 140 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, representing an overall increase of 1,393%.

What is the registration office for Chettiyar Agaram Salai?

The registration office for Chettiyar Agaram Salai is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Chettiyar Agaram Salai?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300.

What are the other streets in Noombal with similar guideline values?

Other streets in Noombal with similar guideline values include Chellammal Nagar and Brindavan Nagar, both at Rs 2,090 per sq.ft in 2024.