Guideline Value for SRI CHELLIAMMAN NAGAR

Sri Chelliamman Nagar guideline value

The current guideline value of Sri Chelliamman Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area falls under Angampakkam village and is classified as Residential Class I Type - I, with the Walajabad Sub Registrar Office overseeing its registration.

How the guideline value of Sri Chelliamman Nagar has changed

The guideline value for Sri Chelliamman Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the value was Rs 134 per sq.ft, reflecting a 12% increase from the previous revision. In 2012, the value was Rs 200 per sq.ft, indicating a significant decrease of 33% to the 2017 figure. Overall, from 2012 to 2024, the guideline value has decreased by 25%.

The register does not provide figures for the years 2002, 2003, and 2007 for this street. Therefore, the changes noted are only between the revisions where figures are available.

Guideline values in Angampakkam

Currently, there are no specific village figures available for Angampakkam. Sri Chelliamman Nagar is the only street mentioned under the Walajabad SRO. Therefore, there are no other streets in Angampakkam with guideline values provided.

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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty is charged at 7%, which amounts to Rs 10,500, while the registration fee at 2% is Rs 3,000. Together, the total fees would be Rs 13,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Chelliamman Nagar?

The Sri Chelliamman Nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Angampakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the established value of the property.

When buying or selling property, the guideline value helps in determining the official value of the property for registration purposes. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Chelliamman Nagar?

The current guideline value of Sri Chelliamman Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2023 to 2024. It increased by 12% from Rs 134 per sq.ft in 2017. However, it decreased by 33% from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017.

Is there any guideline value data for earlier years?

The register does not provide guideline value figures for the years 2002, 2003, and 2007 for Sri Chelliamman Nagar.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 at 7%, and the registration fee would be Rs 3,000 at 2%, totaling Rs 13,500.

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

The Sub Registrar Office covering Sri Chelliamman Nagar is the Walajabad SRO, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.