Guideline Value for SRI CHELLIAMMAN NAGAR

Sri Chelliamman Nagar guideline value

The current guideline value of Sri Chelliamman Nagar is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Mariputhur village and falls under the Madurandakam SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Sri Chelliamman Nagar has changed

The guideline value of Sri Chelliamman Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. However, the value saw a significant increase to Rs 100 per sq.ft in the 2023 revision, followed by a further increase to Rs 103 per sq.ft in the 2024 revision, marking a 3% rise from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 3%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mariputhur

In Mariputhur, three streets under the Madurandakam SRO have a 2024 guideline value ranging from Rs 100 to Rs 104 per sq.ft, with the median being Rs 103 per sq.ft. The guideline value for Sri Chelliamman Nagar aligns with this median.

• Sri Lakshmi Priya Nagar: Rs 100 per sq.ft (2024)
• Robert Garden: Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Chelliamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, and the registration fee at 2% would be Rs 2,060, bringing the total cost together to Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Chelliamman Nagar?

The Sub Registrar Office that covers Sri Chelliamman Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Mariputhur. It determines the stamp duty and registration fees that need to be paid, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, understanding the guideline value helps ensure that all legal and financial obligations are met during the registration process. It is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Sri Chelliamman Nagar?

The current guideline value of Sri Chelliamman Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then increased to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification for Sri Chelliamman Nagar?

The land classification for Sri Chelliamman Nagar is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sri Chelliamman Nagar?

The Sub Registrar Office for Sri Chelliamman Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 103 per sq.ft, the total guideline value would be Rs 1,03,000, resulting in specific fees.