Guideline Value for Church Road

Church Road guideline value

The current guideline value of Church Road in Kathivakkam village, under the Thiruvottiyur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This road falls under the Residential Class I Type - I land classification.

How the guideline value of Church Road has changed

The guideline value for Church Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 153 per sq.ft. This increased to Rs 183 per sq.ft in 2003, marking a 20% rise. The value continued to rise to Rs 300 per sq.ft in 2007, a significant increase of 64%. In 2012, the value was Rs 800 per sq.ft, reflecting a 167% change from the previous revision. However, it decreased to Rs 536 per sq.ft in 2017, which was a decline of 33%. The guideline value then rose to Rs 1,000 per sq.ft in 2023, showing an 87% increase, and has now stabilized at Rs 1,001 per sq.ft in 2024, with no change from the previous year.

There are no figures available for the revisions in years not listed. The overall increase from the 2002 revision to the 2024 revision is 554%.

Guideline values in Kathivakkam

Kathivakkam village has a total of 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 1,600 per sq.ft, with a median of Rs 1,001 per sq.ft. The guideline value for Church Road is equal to this median.

• Chinnamman Koil Street: Rs 1,000 per sq.ft (2024)
• Chinnakuppam: Rs 1,000 per sq.ft (2024)
• Darga Road (Railway Station South Side Road): Rs 1,100 per sq.ft (2024)
• Cauvery Nagar: Rs 1,100 per sq.ft (2024)
• Don Bosco Road: Rs 1,001 per sq.ft (2024)
• Ellaiamman Koil Street: 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 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. It is important to note that the stamp 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 Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Kathivakkam. It serves as a basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the government.

When buying or selling property, the guideline value helps determine the official value of the property, which can affect the overall costs involved in the transaction. Buyers and sellers should be aware of these values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Church Road?

The current guideline value of Church Road is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 153 per sq.ft in 2002 to Rs 1,001 per sq.ft in 2024, marking an overall increase of 554%.

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

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070, and the registration fee would be Rs 20,020, totaling Rs 90,090.

Which office handles property registrations for Church Road?

The Thiruvottiyur Sub Registrar Office handles property registrations for Church Road, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the guideline value determined for properties in Kathivakkam?

The guideline value for properties in Kathivakkam is determined by the Registration Department and is based on various factors, including land classification and historical revisions.