Guideline Value for Sri Jeyaraj Nagar(Chelliamman Nagar Extension)

Sri Jeyaraj Nagar(Chelliamman Nagar Extension) guideline value

The current guideline value for Sri Jeyaraj Nagar(Chelliamman Nagar Extension) is Rs 3,500 per sq.ft, effective from 1 July 2024. This area is located in 5. Athipattu village under the Konnur SRO and is classified as Residential Class I Type - IV.

How the guideline value of Sri Jeyaraj Nagar(Chelliamman Nagar Extension) has changed

The guideline value for Sri Jeyaraj Nagar(Chelliamman Nagar Extension) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,500 per sq.ft, which is an increase of 9% from the 2023 revision of Rs 3,200 per sq.ft. The 2023 figure remained unchanged from the 2017 revision, which also recorded Rs 3,200 per sq.ft. Notably, there are no figures available for the revisions in 2012, 2007, 2003, and 2002 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 9%. This reflects a steady progression in the valuation of properties in this area, aligning with the revisions made in the Konnur SRO.

Guideline values in 5. Athipattu

In 5. Athipattu, the guideline values vary across different streets, with the current 2024 figures ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value for the village stands at Rs 2,200 per sq.ft, placing Sri Jeyaraj Nagar(Chelliamman Nagar Extension) above this median.

• Sri Ganesh Street: Rs 2,200 per sq.ft (2024)
• Sri Subam Nagar: Rs 4,400 per sq.ft (2024)
• Sri Vengateshwarar Nagar: Rs 1,300 per sq.ft (2024)
• Sindhunathi Salai(ICF): Rs 2,400 per sq.ft (2024)
• Tamilnadu small scale Industries Owners Assn. Layout: Rs 3,601 per sq.ft (2024)
• Selliamman Nagar Extention: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Jeyaraj Nagar(Chelliamman Nagar Extension)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value would be Rs 35,00,000. The stamp duty at 7% would amount to Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total fees to Rs 3,15,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Sri Jeyaraj Nagar(Chelliamman Nagar Extension)?

The Sub Registrar Office that covers Sri Jeyaraj Nagar(Chelliamman Nagar Extension) is the Konnur Sub Registrar Office, located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a crucial factor during property registration in 5. Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is fair and transparent.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Sri Jeyaraj Nagar(Chelliamman Nagar Extension)?

The current guideline value of Sri Jeyaraj Nagar(Chelliamman Nagar Extension) is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,200 per sq.ft in 2023 to Rs 3,500 per sq.ft in 2024, marking a 9% increase. There was no change from 2017 to 2023, where it remained at Rs 3,200 per sq.ft.

What are the other guideline values in 5. Athipattu?

In 5. Athipattu, guideline values range from Rs 1,100 to Rs 7,650 per sq.ft in 2024, with a median value of Rs 2,200 per sq.ft. Sri Jeyaraj Nagar(Chelliamman Nagar Extension) is above this median.

What is the stamp duty for properties in Sri Jeyaraj Nagar(Chelliamman Nagar Extension)?

Stamp duty for properties in Sri Jeyaraj Nagar(Chelliamman Nagar Extension) is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 35,00,000 would incur a stamp duty of Rs 2,45,000.

Where can I find the Sub Registrar Office for Sri Jeyaraj Nagar(Chelliamman Nagar Extension)?

The Konnur Sub Registrar Office covers Sri Jeyaraj Nagar(Chelliamman Nagar Extension) and is located at Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.