Guideline Value for Church Street

Church Street guideline value

The current guideline value of Church Street in 1. Nolambur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Villivakkam SRO and is classified as Residential Class III Type - I.

How the guideline value of Church Street has changed

Over the years, the guideline value of Church Street has undergone several revisions. The 2017 revision recorded a guideline value of Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent 2024 revision has set the value at Rs 3,300 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for Church Street.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that have a guideline value for 2024, ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 7,100 per sq.ft, indicating that the guideline value for Church Street is below this median.

• Citilights Meadows: Rs 7,100 per sq.ft (2024)
• Chinnanolambur & Other Street: Rs 3,300 per sq.ft (2024)
• Dabc Abinayam Phase III: Rs 4,355 per sq.ft (2024)
• DABC Mithilam: Rs 7,100 per sq.ft (2024)
• Dr.J.J.Nagar Phase II (Nolambur Housing Scheme, TNHB, LIG,MIG,HIG.etc): Rs 8,800 per sq.ft (2024)
• Dr.J.J.Nagar Phase I (Jaswanth Nagar to Vembuliamman Koil St): Rs 8,800 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 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Church Street?

The Sub Registrar Office that covers Church Street is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value plays a crucial role during the registration of property transactions in 1. Nolambur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When buying or selling property, the guideline value must be considered as it is used to determine the official value of the property for registration purposes. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a total increase of 64% over these years.

What is the land classification for Church Street?

Church Street is classified as Residential Class III Type - I under the Villivakkam SRO.

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

For a property with a guideline value of Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Church Street?

The Villivakkam Sub Registrar Office covers Church Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.