Guideline Value for Church Street

Church Street guideline value

The current guideline value of Church Street, located in Ayappakkam village under the Ambattur SRO, is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Church Street has changed

The guideline value for Church Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 1,000 per sq.ft in 2023, a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, representing a 10% increase from 2023.

It is important to note that there are no figures available for Church Street in the register for the years 2002 and 2003.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Church Street is below this median.

• Church Cross Street: Rs 1,100 per sq.ft (2024)
• Devi Nagar: Rs 1,100 per sq.ft (2024)
• Captone City: Rs 990 per sq.ft (2024)
• Britania Nagar: Rs 880 per sq.ft (2024)
• Dharma Nagar: Rs 990 per sq.ft (2024)
• Dharma Nagar 1st street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Church Street

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, charged at 7%, would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000. Together, the total cost for these fees would be Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Church Street?

The Sub Registrar Office that covers Church Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers must be aware of the current guideline value to ensure they are paying the correct amount in fees.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church Street 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 changed from Rs 200 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 450% over the years.

What is the land classification for Church Street?

Church Street is classified as Residential Class I Type - II according to the land classification standards.

What are the stamp duty and registration fees for a property in Church Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles registrations for Church Street?

The Ambattur Sub Registrar Office handles registrations for Church Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.