Guideline Value for Chetty Street 1st Cross

Chetty Street 1st Cross guideline value

The current guideline value for Chetty Street 1st Cross is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village, under the Konnur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Chetty Street 1st Cross has changed

The guideline value for Chetty Street 1st Cross has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in 2023, marking a 49% rise. As of the 2024 revision, the value stands at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for this street in the years 2002, 2003, 2007, and 2012.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value in this village is Rs 1,300 per sq.ft, which means Chetty Street 1st Cross's current value is below that median.

• Chetty Street 2nd Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 3rd Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 4th Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 5th Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 6th street: Rs 1,100 per sq.ft (2024)
• Chetty Street main Salai: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Chetty Street 1st Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chetty Street 1st Cross?

The Sub Registrar Office that covers Chetty Street 1st Cross is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a critical factor in the registration process when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chetty Street 1st Cross?

The current guideline value of Chetty Street 1st Cross is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting a 64% overall increase during this period.

What are the other streets in 44.Ayanambakkam with the same guideline value?

Other streets in 44.Ayanambakkam that share the same guideline value of Rs 1,100 per sq.ft in 2024 include Chetty Street 2nd Cross, Chetty Street 3rd Cross, Chetty Street 4th Cross, Chetty Street 5th Cross, Chetty Street 6th street, and Chetty Street main Salai.

What are the stamp duty and registration fees for a property in Chetty Street 1st Cross?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.