Guideline Value for Church Street

Church Street guideline value

The current guideline value of Church Street in Rajakilpakkam village, under the Selaiyur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class II Type - I.

How the guideline value of Church Street has changed

The guideline value for Church Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,005 per sq.ft. However, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision and then further rose to Rs 1,600 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. Following that, the value increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 7%. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, placing Church Street's 2024 figure below that median.

• Chitlapakkam Main Road: Rs 1,900 per sq.ft (2024)
• Chimaya Colony Cross Street: Rs 2,150 per sq.ft (2024)
• Chimaya Colony: Rs 2,150 per sq.ft (2024)
• Chilappathigaram Street: Rs 850 per sq.ft (2024)
• Chelli Nagar Main Road: Rs 3,750 per sq.ft (2024)
• Chelli Nagar Kambar Street: Rs 3,750 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 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total fees together Rs 1,44,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Church Street?

The Sub Registrar Office that covers Church Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Rajakilpakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to calculate the associated costs accurately.

The guideline value is used as a benchmark for property transactions, ensuring that the sale price is not undervalued for the purpose of taxation. This helps maintain transparency in real estate transactions and ensures that appropriate duties are collected by the government.

Frequently asked questions

What is the current guideline value of Church Street?

The current guideline value of Church Street is Rs 1,600 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 back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Church Street?

Church Street is classified as Residential Class II Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,600 per sq.ft, the total fees would amount to Rs 1,44,000.