Guideline Value for Chittirai Nagar Main Road
₹1320/sq.ft.
The guideline value for Chittirai Nagar Main Road in Pozhichalur village (Pammal SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Pozhichalur
Village
Pammal
SRO
Residential Class I Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1320 /sq.ft. |
| From 1-4-2023 | ₹1200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹804 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | N/A |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Chittirai Nagar Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pammal sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Chittirai Nagar Main Road guideline value
The current guideline value of Chittirai Nagar Main Road is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village under the Pammal SRO and is classified as Residential Class I Type - II.
How the guideline value of Chittirai Nagar Main Road has changed
The guideline value for Chittirai Nagar Main Road has undergone several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which then increased to Rs 1,200 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the value further to Rs 1,320 per sq.ft, marking 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. The changes from 2017 to 2023 reflect a significant increase of 49%, indicating a notable adjustment in the guideline value over this period.
Guideline values in Pozhichalur
In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, which aligns with the guideline value of Chittirai Nagar Main Road.
- Chitthirai Nagar: Rs 1,320 per sq.ft (2024)
- Commissioner Colony 1st Street (2): Rs 2,200 per sq.ft (2024)
- Commissioner Colony 1st Street 2nd Cross Street: Rs 2,200 per sq.ft (2024)
- Commissioner Colony 1st Street (3): Rs 2,200 per sq.ft (2024)
- Commissioner Colony 1st Street 3rd Cross Street: Rs 2,200 per sq.ft (2024)
- Commissioner Colony 1st Street 4th Cross Street: Rs 2,200 per sq.ft (2024)
Stamp duty and registration fee for property in Chittirai Nagar Main Road
For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more details, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Chittirai Nagar Main Road?
The Sub Registrar Office covering Chittirai Nagar Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pozhichalur
The guideline value plays a crucial role in the registration process when buying or selling property in Pozhichalur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transfers.
When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the fees reflect the true value of the property being transferred.
Frequently asked questions
What is the current guideline value of Chittirai Nagar Main Road?
The current guideline value of Chittirai Nagar Main Road is Rs 1,320 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 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over this period.
What are the stamp duty rates for property in Chittirai Nagar Main Road?
The stamp duty for property transactions in Chittirai Nagar Main Road is charged at 7% of the guideline value or sale price, whichever is higher.
Where can I find the Sub Registrar Office for Chittirai Nagar Main Road?
The Sub Registrar Office for Chittirai Nagar Main Road is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.
What is the land classification for Chittirai Nagar Main Road?
Chittirai Nagar Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.
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