Guideline Value for Chritking School Street

Chritking School Street guideline value

The current guideline value of Chritking School Street is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of Chritking School Street has changed

The guideline value for Chritking School Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012. However, it dropped to Rs 603 per sq.ft in 2017. The most recent revisions show an increase to Rs 900 per sq.ft in 2023, followed by another increase to the current rate of Rs 950 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was a substantial 125%. Overall, from 2007 to 2024, the guideline value has increased by 138%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, making the current figure for Chritking School Street below this median.

• Christudoss Street: Rs 950 per sq.ft (2024)
• Club Road: Rs 2,200 per sq.ft (2024)
• Chidambaranar Street: Rs 950 per sq.ft (2024)
• C.S.T Nagar Manimegalai Street Extn: Rs 1,300 per sq.ft (2024)
• C.S.T Santhamma Nagar: Rs 1,300 per sq.ft (2024)
• Defence Colony: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Chritking School Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total fees together Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chritking School Street?

The Sub Registrar Office that covers Chritking School Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value is a crucial factor in the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers to be aware of the guideline value to ensure they are making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Chritking School Street?

The current guideline value of Chritking School Street is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, showing an overall increase of 138% over this period.

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

Other streets in Selaiyur with similar guideline values include Christudoss Street and Chidambaranar Street, both at Rs 950 per sq.ft for 2024.

What fees are associated with buying property in Chritking School Street?

When buying property, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 85,500.

Where is the Sub Registrar Office for Chritking School Street?

The Sub Registrar Office for Chritking School Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.