Guideline Value for Chozhan Cross Street

Chozhan Cross Street guideline value

The current guideline value for Chozhan Cross Street in Ullagaram village, under the Alandur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Chozhan Cross Street has changed

The guideline value for Chozhan Cross Street has seen several revisions over the years. In 2002, the value was Rs 172 per sq.ft, which increased to Rs 193 per sq.ft in 2003. Following this, the value surged significantly to Rs 1,000 per sq.ft in 2007, marking a 418% increase. The value then rose to Rs 2,000 per sq.ft in 2012, reflecting a 100% increase from the previous revision. However, it decreased to Rs 1,340 per sq.ft in 2017, showing a decline of 33%. The value then increased to Rs 2,000 per sq.ft in 2023, before reaching the current rate of Rs 2,200 per sq.ft in 2024, a rise of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 1,179%. The register has no figure for Chozhan Cross Street for the years not listed in the revisions.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft, with a median value of Rs 2,800 per sq.ft. The guideline value for Chozhan Cross Street is below this median.

• Chozhan Street Main: Rs 2,200 per sq.ft (2024)
• Chittrasu Street Main: Rs 2,800 per sq.ft (2024)
• Chittrasu Cross Street: Rs 2,200 per sq.ft (2024)
• Bhavani Colony / Venkatesa Nagar: Rs 2,800 per sq.ft (2024)
• Bharathiyar Street: Rs 2,800 per sq.ft (2024)
• Bharathi Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Chozhan Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Chozhan Cross Street?

The Sub Registrar Office that covers Chozhan Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ullagaram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value for Chozhan Cross Street?

The current guideline value for Chozhan Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 172 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 1,179% over the years.

What is the stamp duty rate for properties in Chozhan Cross Street?

The stamp duty rate for properties in Chozhan Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Chozhan Cross Street located?

The Sub Registrar Office for Chozhan Cross Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets with guideline values in Ullagaram?

Other streets in Ullagaram include Chozhan Street Main, Chittrasu Street Main, Chittrasu Cross Street, Bhavani Colony / Venkatesa Nagar, Bharathiyar Street, and Bharathi Street, with values ranging from Rs 2,200 to Rs 2,800 per sq.ft in 2024.