Guideline Value for Church Road

Church Road guideline value

The current guideline value of Church Road in Peerklankaranai village is Rs 1,650 per sq.ft, effective from 1 July 2024. This falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Church Road has changed

The guideline value for Church Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease of 33% to Rs 1,005 per sq.ft. The value then increased significantly in the 2023 revision to Rs 1,500 per sq.ft, before rising again to Rs 1,650 per sq.ft in the 2024 revision, marking a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase. The register does not have figures for Church Road for the years 2002, 2003, and 2007.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Church Road.

• Christuraja street: Rs 1,320 per sq.ft (2024)
• Devadass Street: Rs 1,320 per sq.ft (2024)
• Devanesa Nagar 1st Main Road: Rs 1,100 per sq.ft (2024)
• Devanesa Nagar 2nd Main Road: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar 1St Street: Rs 1,100 per sq.ft (2024)
• Devanesan Nagar 2nd 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. 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 details.

Which Sub Registrar Office covers Church Road?

The Sub Registrar Office that covers Church Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Church Road?

The current guideline value of Church Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Church Road?

Church Road is classified as Residential Class I Type - II under the guideline value register.

Where can I find the Tambaram Joint 1 SRO?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Church Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at a rate of 7%.