Guideline Value for Chithrammal Nagar

Chithrammal Nagar guideline value

The current guideline value of Chithrammal Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Puthur village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - I.

How the guideline value of Chithrammal Nagar has changed

The guideline value for Chithrammal Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2017 revision, which decreased the value to Rs 469 per sq.ft. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the most recent 2024 revision has set it at Rs 770 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions are notable, with a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthur

Puthur village has 63 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 4,600 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Chithrammal Nagar's 2024 figure below this median.

• Ebinezer Street: Rs 770 per sq.ft (2024)
• Eden Garden: Rs 1,100 per sq.ft (2024)
• Gandhi Nagar: Rs 550 per sq.ft (2024)
• A.T.A Nagar: Rs 1,100 per sq.ft (2024)
• Ashok Nagar: Rs 1,100 per sq.ft (2024)
• Ishwarya Avenue: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Chithrammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. 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 Chithrammal Nagar?

The Sub Registrar Office that covers Chithrammal Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Puthur

The guideline value is a critical factor when buying or selling property in Puthur. It determines the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the transaction is recorded at a price that reflects the current market conditions. This helps in maintaining transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Chithrammal Nagar?

The current guideline value of Chithrammal Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent increase being from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024. The value was at Rs 469 per sq.ft in 2017 and Rs 700 per sq.ft in 2012.

What is the land classification of Chithrammal Nagar?

Chithrammal Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Chithrammal Nagar?

The Sub Registrar Office for Chithrammal Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How are stamp duty and registration fees calculated in Puthur?

Stamp duty and registration fees in Puthur are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 69,300.