Guideline Value for T.A.S. Chellaiah Road

T.A.S. Chellaiah Road guideline value

The current guideline value of T.A.S. Chellaiah Road is Rs 12,100 per sq.ft, effective from 1 July 2024. This street is located in Naduvakkarai village, under the AnnaNagar SRO, and is classified as Residential Class I Type - I.

How the guideline value of T.A.S. Chellaiah Road has changed

The guideline value for T.A.S. Chellaiah Road has seen several revisions over the years. The 2007 revision set the value at Rs 11,000 per sq.ft, which remained unchanged in the 2012 revision. However, in the 2017 revision, the value increased to Rs 7,370 per sq.ft, followed by a significant rise to Rs 11,000 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the guideline value to Rs 12,100 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2017 revision to 2023, the value increased by 49%. The 2012 revision to 2017 saw a decrease of 33%, while the 2007 to 2012 revision showed no change. Overall, from 2007 to 2024, the guideline value has increased by 10%. The register has no figure for this street in 2002 and 2003.

Guideline values in Naduvakkarai

In Naduvakkarai, there are 148 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,900 per sq.ft, with a median value of Rs 11,500 per sq.ft. T.A.S. Chellaiah Road's 2024 guideline value is above this median.

• Suseela Chelliah Road: Rs 12,100 per sq.ft (2024)
• Thiru Veedhi Amman Koil Street: Rs 5,400 per sq.ft (2024)
• Thiru-Vika- Street: Rs 5,400 per sq.ft (2024)
• TNHB 360 HIG Flats Block 443 to 467: Rs 12,100 per sq.ft (2024)
• Vallaba vinayagar Street (Sabari Nagar): Rs 5,400 per sq.ft (2024)
• W Block 2nd Avenue: Rs 15,900 per sq.ft (2024)

Stamp duty and registration fee for property in T.A.S. Chellaiah Road

For a 1,000 sq.ft plot at the current guideline value of Rs 12,100 per sq.ft, the total guideline value amounts to Rs 1,21,00,000. The stamp duty at 7% would be Rs 8,47,000, and the registration fee at 2% would be Rs 2,42,000, bringing the total charges to Rs 10,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers T.A.S. Chellaiah Road?

The Sub Registrar Office that covers T.A.S. Chellaiah Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Naduvakkarai. It serves as a benchmark for determining the minimum value of the property for stamp duty and registration fee calculations.

When buying or selling property, the guideline value is used to ensure that the transaction is recorded at a fair value, which is essential for legal and tax purposes. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of T.A.S. Chellaiah Road?

The current guideline value of T.A.S. Chellaiah Road is Rs 12,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 11,000 per sq.ft in 2023 to Rs 12,100 per sq.ft in 2024, reflecting a 10% rise.

What is the land classification for T.A.S. Chellaiah Road?

T.A.S. Chellaiah Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for T.A.S. Chellaiah Road?

The Sub Registrar Office for T.A.S. Chellaiah Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,21,00,000, the stamp duty would be Rs 8,47,000 at 7%.