Guideline Value for Chinnathambi Street

Chinnathambi Street guideline value

The current guideline value of Chinnathambi Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO and is classified as Residential Class I Type - I.

How the guideline value of Chinnathambi Street has changed

Since the 2012 revision, the guideline value for Chinnathambi Street has seen a 10% increase, moving from Rs 6,000 per sq.ft in 2012 to Rs 6,600 per sq.ft in 2024. The 2023 revision also recorded a value of Rs 6,000 per sq.ft, indicating no change from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. The most recent revision reflects a significant increase from the previous year, with a 10% rise from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, which is equal to the current guideline value of Chinnathambi Street.

• Chinnappa Rawther Street: Rs 6,600 per sq.ft (2024)
• Chengalvarayan Mudali Street: Rs 6,600 per sq.ft (2024)
• Chella Pillaiyar Koil Street: Rs 7,700 per sq.ft (2024)
• Chella Pillaiyar Koil 3rd Street / Lane: Rs 6,600 per sq.ft (2024)
• Chella Pillaiyar Koil 2nd Street / Lane: Rs 6,600 per sq.ft (2024)
• Chella Pillaiyar Koil 1st Street / Lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Chinnathambi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total cost for these fees Rs 5,94,000. 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 Chinnathambi Street?

The Sub Registrar Office that covers Chinnathambi Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Triplicane, as it determines the minimum value at which properties must be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate applicable fees.

When registering a property, the guideline value is used to assess stamp duty and registration fees. It is essential for both parties in a transaction to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Chinnathambi Street?

The current guideline value of Chinnathambi Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased by 10% from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024. The overall change from 2012 to 2024 is also a 10% increase.

What are the other streets with similar guideline values in Triplicane?

Other streets in Triplicane with the same guideline value of Rs 6,600 per sq.ft include Chinnappa Rawther Street, Chengalvarayan Mudali Street, Chella Pillaiyar Koil 3rd Street, Chella Pillaiyar Koil 2nd Street, and Chella Pillaiyar Koil 1st Street.

What is the stamp duty rate for properties in Chinnathambi Street?

The stamp duty rate for properties in Chinnathambi Street is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000.

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

The Sub Registrar Office for Chinnathambi Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office is responsible for property registrations in the area.