Guideline Value for Church Road

Church Road guideline value

The current guideline value of Church Road in 44.Ayanambakkam village, under the Konnur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class III Type - I land classification.

How the guideline value of Church Road has changed

The guideline value for Church Road has seen significant changes over the years. The 2017 revision set the value at Rs 670 per sq.ft, which then increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 9,702 per sq.ft. The median value for these streets is Rs 1,300 per sq.ft, placing Church Road's 2024 figure below the median.

• Chetty Street main Salai: Rs 1,100 per sq.ft (2024)
• Chetty Street 6th street: Rs 1,100 per sq.ft (2024)
• Chetty Street 5th Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 4th Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 3rd Cross: Rs 1,100 per sq.ft (2024)
• Chetty Street 2nd Cross: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Church Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Church Road?

The Sub Registrar Office that covers Church Road is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor in property transactions in 44.Ayanambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Church Road?

The current guideline value of Church Road is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty and registration fees for properties in Church Road?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Church Road?

The Konnur Sub Registrar Office covers Church Road, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Church Road?

Church Road falls under the Residential Class III Type - I land classification.