Guideline Value for Judge chellappa road

Judge chellappa road guideline value

The current guideline value of Judge chellappa road is Rs 2,740 per sq.ft, effective from 1 July 2024. This road is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Judge chellappa road has changed

In the 2007 revision, the guideline value was Rs 400 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a substantial rise of 525%. However, in the 2017 revision, the value decreased to Rs 1,675 per sq.ft, reflecting a drop of 33%. The guideline value then rose to Rs 2,500 per sq.ft in the 2023 revision, and subsequently increased by 10% to reach Rs 2,740 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 585%. The changes between the revisions show significant fluctuations, particularly the rise from Rs 1,675 per sq.ft in 2017 to Rs 2,740 per sq.ft in 2024, which is a 49% increase over that period.

Guideline values in Poonthamallee

In Poonthamallee, there are 257 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Judge chellappa road's 2024 figure above this median.

• Kalaimagal nagar: Rs 2,200 per sq.ft (2024)
• Kalaingar street: Rs 2,200 per sq.ft (2024)
• James street: Rs 2,740 per sq.ft (2024)
• James Road: Rs 2,740 per sq.ft (2024)
• Kandaswamy nagar: Rs 2,200 per sq.ft (2024)
• Kandaswamy nagar exten: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Judge chellappa road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,40,000. The stamp duty at 7% would be Rs 1,91,800, and the registration fee at 2% would be Rs 54,800, together totaling Rs 2,46,600. 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 Judge chellappa road?

The Sub Registrar Office that covers Judge chellappa road is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Poonthamallee, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the stamp duty and registration fees applicable to the transaction.

When registering a property, the guidelines ensure that the transaction reflects the current market conditions. This value serves as a benchmark for both buyers and sellers, ensuring transparency and fairness in property dealings within the Poonthamallee area.

Frequently asked questions

What is the current guideline value of Judge chellappa road?

The current guideline value of Judge chellappa road is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 400 per sq.ft in 2007 to Rs 2,740 per sq.ft in 2024, reflecting an overall increase of 585% over this period.

What is the median guideline value in Poonthamallee?

The median guideline value in Poonthamallee for 2024 is Rs 2,200 per sq.ft, with Judge chellappa road's value being above this median.

What are the stamp duty rates for properties in Judge chellappa road?

The stamp duty for properties in Judge chellappa road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Judge chellappa road?

The Sub Registrar Office for Judge chellappa road is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.