Guideline Value for Chettiyar Street

Chettiyar Street guideline value

The current guideline value of Chettiyar Street in Valarpuram village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Chettiyar Street has changed

Looking back at the revisions, the guideline value for Chettiyar Street was Rs 200 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision recorded a value of Rs 134 per sq.ft, showing an increase of 49% from 2017 to 2023. The 2012 revision also had a value of Rs 200 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 200 per sq.ft.

The register has no figure for Chettiyar Street in the years 2002, 2003, and 2007.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 2,025 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Chettiyar Street's 2024 figure below that median.

• Chinna Valarpuram Mainroad: Rs 400 per sq.ft (2024)
• Chiyan Nagar: Rs 200 per sq.ft (2024)
• Budhar Street: Rs 200 per sq.ft (2024)
• Devi Karumariamman Nagar: Rs 300 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 300 per sq.ft (2024)
• Dharma Varadhamani Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Chettiyar Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to 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 Chettiyar Street?

The Sub Registrar Office that covers Chettiyar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Valarpuram. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Chettiyar Street?

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

How has the guideline value changed over the years?

The guideline value for Chettiyar Street has seen various changes, with the most recent revisions showing a value of Rs 200 per sq.ft in both 2023 and 2024, and an increase from Rs 134 per sq.ft in 2017.

What is the land classification of Chettiyar Street?

Chettiyar Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Chettiyar Street?

The Sub Registrar Office for Chettiyar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chettiyar Street?

Stamp duty for properties in Chettiyar Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.