Guideline Value for Company Chathiram Street

Company Chathiram Street guideline value

The current guideline value of Company Chathiram Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Company Chathiram Street has changed

The guideline value for Company Chathiram Street has undergone several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, this figure saw a decrease to Rs 804 per sq.ft in 2017. The next revision in 2023 set the value at Rs 1,200 per sq.ft, and the most recent revision in 2024 increased it to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 117%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, making the 2024 figure for Company Chathiram Street below that median.

• Connection Road in between Nehru Nagar to Nethaji Nagar: Rs 1,300 per sq.ft (2024)
• Connection Road in Nethaji Nagar 1st to 2nd Street: Rs 1,300 per sq.ft (2024)
• Connection Road in Nethaji Nagar 3rd St to 5th Street: Rs 1,300 per sq.ft (2024)
• Cokran Basin 4th Lane: Rs 1,300 per sq.ft (2024)
• Cockrin Basin Lane: Rs 1,300 per sq.ft (2024)
• Cockran Basin 3rd Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Company Chathiram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please 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 details.

Which Sub Registrar Office covers Company Chathiram Street?

The Sub Registrar Office that covers Company Chathiram Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

When buying or selling property in Tondaiarpet, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. The guideline value serves as a reference point, ensuring that the property is registered at a value that is recognized by the local authorities.

It is important to note that the guideline value is not necessarily the same as the market price of the property. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Company Chathiram Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What is the land classification for Company Chathiram Street?

Company Chathiram Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Company Chathiram Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Tondaiarpet?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 91,000.