Guideline Value for Church Road

Church Road guideline value

The current guideline value of Church Road in Zaminpallavaram village is Rs 2,750 per sq.ft, effective from 1 July 2024. This property falls under the Pallavaram SRO and is classified as Residential Class II Type - I.

How the guideline value of Church Road has changed

The guideline value for Church Road has seen several revisions over the years. In 2003, the value was Rs 554 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking an increase of 81%. The value remained unchanged at Rs 2,500 per sq.ft from 2012 until 2023. In 2023, the value was again set at Rs 2,500 per sq.ft, before rising to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% increase.

Notably, there are no figures available for the revisions in 2002 and 2017 for Church Road. Overall, the guideline value has increased by 396% from Rs 554 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Church Road is below this median.

• Christhu Nagar: Rs 2,750 per sq.ft (2024)
• C.L.C Works Road: Rs 3,300 per sq.ft (2024)
• Chitra Township: Rs 3,850 per sq.ft (2024)
• C.N. Padmanaban Street: Rs 3,300 per sq.ft (2024)
• C.N.Padmanabhan Street: Rs 3,300 per sq.ft (2024)
• Chinna 2nd Street: Rs 3,300 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 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Church Road?

The Sub Registrar Office that covers Church Road is the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Church Road?

The current guideline value of Church Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 554 per sq.ft in 2003 to Rs 2,750 per sq.ft in 2024, with various revisions occurring in between.

What is the registration office for Church Road?

The registration office for Church Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Church Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 1,92,500 based on the current guideline value.

What are the other streets in Zaminpallavaram with guideline values?

Other streets in Zaminpallavaram have varying guideline values, with rates ranging from Rs 2,100 to Rs 11,000 per sq.ft. Some streets include Christhu Nagar and C.L.C Works Road, among others.