Guideline Value for Chetty Street 6th street

Chetty Street 6th street guideline value

The current guideline value for Chetty Street 6th street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class III Type - I.

How the guideline value of Chetty Street 6th street has changed

The guideline value for Chetty Street 6th street has seen several revisions over the years. The earliest recorded revision was in 2017, where the value was Rs 670 per sq.ft. This figure increased to Rs 1,000 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value 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 figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

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 for these streets is Rs 1,300 per sq.ft, placing Chetty Street 6th street's value below that median.

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

Stamp duty and registration fee for property in Chetty Street 6th street

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 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 Chetty Street 6th street?

The Sub Registrar Office that covers Chetty Street 6th street 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 information.

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

The guideline value is a critical factor during the registration of property transactions in 44.Ayanambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value for Chetty Street 6th street?

The current guideline value for Chetty Street 6th street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much 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 an overall increase of 64% over this period.

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

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

How is the stamp duty calculated for properties in Chetty Street 6th street?

The stamp duty for properties in Chetty Street 6th street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000.

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. This office handles the registration of properties in the area.