Guideline Value for Chetty Street 4th Cross

Chetty Street 4th Cross guideline value

The current guideline value of Chetty Street 4th 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Chetty Street 4th Cross has changed

The guideline value for Chetty Street 4th Cross has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 1,000 per sq.ft, marking a 49% increase from the previous revision. The most recent 2024 revision has further increased the guideline value to Rs 1,100 per sq.ft, which is a 10% increase from 2023.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register does not have figures for Chetty Street 4th Cross for the years 2002, 2003, 2007, and 2012.

Guideline values in 44.Ayanambakkam

In the 44.Ayanambakkam village, 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 for these streets is Rs 1,300 per sq.ft, indicating that Chetty Street 4th Cross's 2024 figure is below this median.

• Chetty Street 1st Cross: Rs 1,100 per sq.ft (2024)
• 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 4th Cross

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chetty Street 4th Cross?

The Sub Registrar Office that covers Chetty Street 4th Cross is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in 44.Ayanambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the government records.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chetty Street 4th Cross?

The current guideline value of Chetty Street 4th Cross is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Chetty Street 4th 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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Chetty Street 4th Cross?

The Konnur Sub Registrar Office covers Chetty Street 4th Cross, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Chetty Street 4th Cross?

Chetty Street 4th Cross falls under the Residential Class III Type - I land classification, which is relevant for determining its guideline value and usage.