Guideline Value for Chilappathigaram Street

Chilappathigaram Street guideline value

The current guideline value of Chilappathigaram Street is Rs 850 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village under the Selaiyur SRO, classified as Residential Class IV Type - I.

How the guideline value of Chilappathigaram Street has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. It then decreased to Rs 469 per sq.ft in the 2017 revision, marking a decline of 33%. The value rose to Rs 700 per sq.ft in the 2023 revision, and subsequently increased to Rs 850 per sq.ft in the 2024 revision, reflecting a change of 21% from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%. Overall, comparing the values from 2012 to 2024, the guideline value has increased by 21%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft, with a median value of Rs 2,150 per sq.ft. Chilappathigaram Street's 2024 figure is below this median.

• Chimaya Colony: Rs 2,150 per sq.ft (2024)
• Chimaya Colony Cross Street: Rs 2,150 per sq.ft (2024)
• Chitlapakkam Main Road: Rs 1,900 per sq.ft (2024)
• Church Street: Rs 1,600 per sq.ft (2024)
• Chelli Nagar Main Road: Rs 3,750 per sq.ft (2024)
• Chelli Nagar Kambar Street: Rs 3,750 per sq.ft (2024)

Stamp duty and registration fee for property in Chilappathigaram Street

For a 1,000 sq.ft plot at the current rate of Rs 850 per sq.ft, the guideline value amounts to Rs 8,50,000. The stamp duty at 7% would be Rs 59,500, and the registration fee at 2% would be Rs 17,000, totaling Rs 76,500. 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 Chilappathigaram Street?

The Sub Registrar Office that covers Chilappathigaram Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction reflects a fair value in accordance with government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This means that buyers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Chilappathigaram Street?

The current guideline value of Chilappathigaram Street is Rs 850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 850 per sq.ft in 2024.

What is the median guideline value in Rajakilpakkam?

The median guideline value in Rajakilpakkam is Rs 2,150 per sq.ft, while Chilappathigaram Street's current value is below this median.

What are the stamp duty and registration fees for properties in Chilappathigaram Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 8,50,000, the total fees would be Rs 76,500.

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

The Selaiyur Sub Registrar Office covers Chilappathigaram Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.