Guideline Value for Mayor Chittibabu Street

Mayor Chittibabu Street guideline value

The current guideline value of Mayor Chittibabu Street is Rs 13,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO and is classified as Mixed Type - I.

How the guideline value of Mayor Chittibabu Street has changed

The guideline value register has no figures for Mayor Chittibabu Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The most recent revision in 2024 sets the guideline value at Rs 13,400 per sq.ft.

Since there have been no figures recorded for this street in the previous revisions, there are no changes to report between the years listed. The 2024 figure stands alone as the current value.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 7,100 per sq.ft, indicating that Mayor Chittibabu Street's 2024 figure is above the median.

• Mayor SathyaMurthy Road: Rs 8,300 per sq.ft (2024)
• Mayor V.R.Ramanathan 1st lane: Rs 11,000 per sq.ft (2024)
• Mayor V.R.Ramanathan 2nd lane: Rs 11,000 per sq.ft (2024)
• McNicholas road: Rs 18,100 per sq.ft (2024)
• McNicholas road 1st lane: Rs 11,000 per sq.ft (2024)
• McNicholas road 2nd lane: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Mayor Chittibabu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 13,400 per sq.ft, the total guideline value would be Rs 1,34,00,000. The stamp duty at 7% would be Rs 9,38,000, and the registration fee at 2% would be Rs 2,68,000, making the total charges Rs 12,06,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Mayor Chittibabu Street?

The Sub Registrar Office that covers Mayor Chittibabu Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering a property sale in Egmore. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Mayor Chittibabu Street?

The current guideline value of Mayor Chittibabu Street is Rs 13,400 per sq.ft, effective from 1 July 2024.

What is the land classification of Mayor Chittibabu Street?

Mayor Chittibabu Street is classified as Mixed Type - I under the land classification system.

Are there any previous guideline values for this street?

The guideline value register has no figures for Mayor Chittibabu Street for the years 2023, 2017, 2012, 2007, 2003, and 2002.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is compared with the sale price, and the higher amount is used for calculating the applicable charges.

Where can I find the Sub Registrar Office for Mayor Chittibabu Street?

The Sub Registrar Office for Mayor Chittibabu Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.