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Guideline Value for PATEL STREET 97/4C,4I,4J,5,6,7,8,9,10

₹878/sq.ft.

The guideline value for Patel Street 97/4c,4i,4j,5,6,7,8,9,10 in Chembarambakkam village (Poonamallee SRO, Chennai zone) is Rs 878 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chembarambakkam

Village

Poonamallee

SRO

Residential Class I Type - V
History
Period Guideline Value
From 1-7-2024 ₹878 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056
044-26494966
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Patel Street 97/4c,4i,4j,5,6,7,8,9,10

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Patel Street 97/4c,4i,4j,5,6,7,8,9,10 guideline value

The current guideline value for Patel Street 97/4c,4i,4j,5,6,7,8,9,10 is Rs 878 per sq.ft. This street is located in Chembarambakkam village under the Poonamallee SRO and is classified as Residential Class I Type - V.

How the guideline value of Patel Street 97/4c,4i,4j,5,6,7,8,9,10 has changed

The guideline value for Patel Street has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the value was set at Rs 800 per sq.ft, which increased to Rs 878 per sq.ft in the 2024 revision, marking a change of +10%.

For the 2024 revision, the current guideline value stands at Rs 878 per sq.ft. The previous revision in 2023 had a guideline value of Rs 800 per sq.ft. This increase reflects the adjustments made in the valuation of properties in the area.

Guideline values in Chembarambakkam

In Chembarambakkam, there are 64 streets under the Poonamallee SRO that have a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Patel Street is below this median.

Stamp duty and registration fee for property in Patel Street 97/4c,4i,4j,5,6,7,8,9,10

For a 1,000 sq.ft plot at the current guideline value of Rs 878 per sq.ft, the total guideline value would be Rs 8,78,000. The stamp duty at 7% would be Rs 61,460, and the registration fee at 2% would be Rs 17,560, bringing the total to Rs 79,020. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Patel Street 97/4c,4i,4j,5,6,7,8,9,10?

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

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

When buying or selling property in Chembarambakkam, the guideline value is used to determine the stamp duty and registration fees that are applicable. It is essential to know the guideline value as it can significantly affect the total cost involved in the transaction.

The guideline value serves as a benchmark for property transactions and ensures that the government receives the appropriate revenue from property sales. Buyers and sellers should be aware of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Patel Street 97/4c,4i,4j,5,6,7,8,9,10?

The current guideline value of Patel Street 97/4c,4i,4j,5,6,7,8,9,10 is Rs 878 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Patel Street has undergone several revisions. The 2023 revision was Rs 800 per sq.ft, which increased by 10% to Rs 878 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Patel Street?

Patel Street is classified as Residential Class I Type - V, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, these fees can total Rs 79,020.

Which office handles registrations for Patel Street?

The Poonamallee Sub Registrar Office handles registrations for Patel Street 97/4c,4i,4j,5,6,7,8,9,10. The office is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.