Guideline Value for Fire Station officialsResidence

Fire Station officialsResidence guideline value

The current guideline value for the Fire Station officialsResidence in Chindadripet village, under the Periamet SRO, is Rs 2,600 per sq.ft, effective from 1 July 2024. This property falls under the Residential Class III Type - III land classification.

How the guideline value of Fire Station officialsResidence has changed

Over the years, the guideline value for Fire Station officialsResidence has seen significant changes. The 2007 revision recorded a guideline value of Rs 600 per sq.ft, which increased to Rs 2,400 per sq.ft in 2012, marking a substantial rise of 300%. However, from 2012 to 2017, the value dropped to Rs 1,608 per sq.ft, a decrease of 33%. The 2023 revision saw another increase to Rs 2,400 per sq.ft, followed by the current 2024 revision at Rs 2,600 per sq.ft, reflecting an 8% increase.

From 2017 to 2023, the value surged by 49%, ultimately leading to an overall increase of 333% from the 2007 revision to the current 2024 figure. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Fire Station officialsResidence is below this median.

• East coovam road / Street: Rs 3,800 per sq.ft (2024)
• Dr.Govindan street: Rs 4,400 per sq.ft (2024)
• Dharmaraja koil street: Rs 5,500 per sq.ft (2024)
• Devaraj sarang lane: Rs 3,300 per sq.ft (2024)
• Guruvappa chetty street: Rs 6,000 per sq.ft (2024)
• Dams Road: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Fire Station officialsResidence

For a 1,000 sq.ft plot at the current guideline value of Rs 2,600 per sq.ft, the guideline value totals Rs 26,00,000. The stamp duty at 7% amounts to Rs 1,82,000, while the registration fee at 2% is Rs 52,000. Together, these fees total Rs 2,34,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Fire Station officialsResidence?

The Fire Station officialsResidence falls under the jurisdiction of the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Chindadripet. It serves as the basis for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Fire Station officialsResidence?

The current guideline value for Fire Station officialsResidence is Rs 2,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 600 per sq.ft in 2007 to Rs 2,600 per sq.ft in 2024, which is an overall increase of 333%.

What are the stamp duty and registration fees for a property in Fire Station officialsResidence?

For a property valued at Rs 26,00,000, the stamp duty is Rs 1,82,000 and the registration fee is Rs 52,000, totaling Rs 2,34,000.

Which office handles the registration for Fire Station officialsResidence?

The Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003, handles the registration for Fire Station officialsResidence.

What are the guideline values for other streets in Chindadripet?

Other streets in Chindadripet have varying guideline values, such as East coovam road at Rs 3,800 per sq.ft and Dams Road at Rs 11,000 per sq.ft, among others.