Guideline Value for Sri Chelliyamman Nagar

Sri Chelliyamman Nagar guideline value

The current guideline value of Sri Chelliyamman Nagar is Rs 402 per sq.ft, effective from 1 July 2024. This area is located in Malliyankaranai village under the Uthiramerur SRO, classified as Residential Special Type - IV.

How the guideline value of Sri Chelliyamman Nagar has changed

In the 2023 revision, the guideline value for Sri Chelliyamman Nagar was Rs 402 per sq.ft, which remains unchanged in the 2024 revision. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

Thus, the guideline value has remained stable at Rs 402 per sq.ft from 2023 to 2024, showing no percentage change. The lack of figures in previous revisions indicates that the guideline value for this street has not been established in those years.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 603 per sq.ft. The median value is Rs 401 per sq.ft, placing the guideline value of Sri Chelliyamman Nagar above this median.

• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Sri Lakshmi Nagar Extension: Rs 603 per sq.ft (2024)
• Sri Mugambigai Nagar: Rs 300 per sq.ft (2024)
• Sri Sakthi Vinayaga Nagar: Rs 401 per sq.ft (2024)
• Sulaiman Nagar: Rs 401 per sq.ft (2024)
• Sami Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Chelliyamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 402 per sq.ft, the guideline value amounts to Rs 4,02,000. The stamp duty at 7% would be Rs 28,140, and the registration fee at 2% would be Rs 8,040, bringing the total to Rs 36,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Chelliyamman Nagar?

The Sub Registrar Office covering Sri Chelliyamman Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Malliyankaranai. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recognized and documented.

When buying or selling property, both the buyer and seller must be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for the financial aspects of the transaction.

Frequently asked questions

What is the current guideline value of Sri Chelliyamman Nagar?

The current guideline value of Sri Chelliyamman Nagar is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 402 per sq.ft from 2023 to 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Malliyankaranai?

The median guideline value in Malliyankaranai is Rs 401 per sq.ft, with Sri Chelliyamman Nagar's value being slightly above this median at Rs 402 per sq.ft.

What fees are associated with buying property in Sri Chelliyamman Nagar?

When buying property, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a plot valued at Rs 4,02,000, the total fees would amount to Rs 36,180.

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

The Sub Registrar Office for Sri Chelliyamman Nagar is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.