Guideline Value for OLD POLICE LINE

Old Police Line guideline value

The current guideline value of Old Police Line in Chengalpattu Natham village is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Old Police Line has changed

The guideline value for Old Police Line has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later reduced to Rs 1,005 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent revision in 2024 raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decline of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from the 2012 revision to the current 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Old Police Line is below this median.

• Osrumman Kovil Street: Rs 2,200 per sq.ft (2024)
• Navalar Nedunjezijyan Street: Rs 2,200 per sq.ft (2024)
• Natham Nadu Street: Rs 1,320 per sq.ft (2024)
• Natham Mettu Street: Rs 1,320 per sq.ft (2024)
• Natham Colony: Rs 1,100 per sq.ft (2024)
• Parthasarathy Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Old Police Line

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. 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 details.

Which Sub Registrar Office covers Old Police Line?

The Old Police Line is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is used to calculate the applicable taxes. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Old Police Line?

The current guideline value of Old Police Line is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for Old Police Line?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which office handles registrations for Old Police Line?

The Chengleput Joint II Sub Registrar Office handles registrations for Old Police Line, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is based on the higher of the guideline value or the sale price, ensuring proper taxation on property transfers.