Guideline Value for Churuch Road

Churuch Road guideline value

The current guideline value of Churuch Road is Rs 3,850 per sq.ft, effective from 1 July 2024. This road is located in Cantonment Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Churuch Road has changed

The guideline value for Churuch Road has seen several revisions over the years. In 2003, the guideline value was Rs 530 per sq.ft. It then increased to Rs 750 per sq.ft in 2007, marking a significant rise of 42%. The value remained unchanged at Rs 750 per sq.ft until 2012, when it jumped to Rs 3,500 per sq.ft, reflecting a substantial increase of 367%. However, this was followed by a decrease to Rs 2,345 per sq.ft in 2017, which represented a decline of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and finally reached Rs 3,850 per sq.ft in the 2024 revision, indicating a 10% increase from the previous year.

Notably, there is no figure available for Churuch Road in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 626%.

Guideline values in Cantonment Pallavaram

Cantonment Pallavaram comprises 81 streets under the Pallavaram SRO, with guideline values for 2024 ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Churuch Road's 2024 figure above this median.

• Chidambaranathan Street: Rs 2,700 per sq.ft (2024)
• Depot Lane: Rs 3,850 per sq.ft (2024)
• Cbkm: Rs 3,300 per sq.ft (2024)
• Bharathy Street: Rs 2,700 per sq.ft (2024)
• Bharath Nagar(Semman Nagar): Rs 2,200 per sq.ft (2024)
• Bazaar Road, Police Station Road, Indra Gandhi Road: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Churuch Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost for these fees Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Churuch Road?

The Sub Registrar Office covering Churuch Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Cantonment Pallavaram. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that the fees are calculated based on an official valuation, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Churuch Road?

The current guideline value of Churuch Road is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 530 per sq.ft in 2003 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 626% over this period.

What is the classification of Churuch Road?

Churuch Road is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Churuch Road?

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

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, a 1,000 sq.ft plot at the current rate would incur a total of Rs 3,46,500 in fees.