Guideline Value for Chinasamy sasthri Street

Chinasamy sasthri Street guideline value

The current guideline value of Chinasamy sasthri Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Chinasamy sasthri Street has changed

The guideline value for Chinasamy sasthri Street has undergone several revisions over the years. In 2012, the guideline value was Rs 3,300 per sq.ft. This figure decreased to Rs 2,211 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 3,300 per sq.ft, followed by a further increase to Rs 3,600 per sq.ft in the 2024 revision, marking a 9% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The changes between the revisions show a significant rise of 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, which is equal to the current guideline value of Chinasamy sasthri Street.

• Cholapuram 1st Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 2nd Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 3rd Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 4th Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 5th Street: Rs 2,500 per sq.ft (2024)
• Cholapuram 6th Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in Chinasamy sasthri Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, making the total cost for these fees Rs 3,24,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chinasamy sasthri Street?

The Sub Registrar Office that covers Chinasamy sasthri Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the guideline value will be compared to this price. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Chinasamy sasthri Street?

The current guideline value of Chinasamy sasthri Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, marking a 9% increase. It was Rs 2,211 per sq.ft in 2017, showing a significant increase of 49% to 2023.

What are the other streets in Ambattur with their guideline values?

Other streets in Ambattur include Cholapuram 1st, 2nd, 3rd, 4th, 5th, and 6th Streets, all valued at Rs 2,500 per sq.ft as of 2024.

What fees are associated with buying property in Chinasamy sasthri Street?

When buying property, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,24,000.

Which office handles the registration for Chinasamy sasthri Street?

The Ambattur Sub Registrar Office handles the registration for Chinasamy sasthri Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.