Guideline Value for T.E.L.C.Compound 4th Cross Street

T.E.L.C.Compound 4th Cross Street guideline value

The current guideline value for T.E.L.C.Compound 4th Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village under the Chengleput Joint I SRO, classified as Commercial Special Type - I.

How the guideline value of T.E.L.C.Compound 4th Cross Street has changed

The guideline value for T.E.L.C.Compound 4th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which remained unchanged in the subsequent 2017 revision. However, the 2017 revision saw a decrease of 33% from the previous figure, bringing it down to Rs 2,345 per sq.ft. The 2023 revision increased the value to Rs 3,500 per sq.ft, and the latest 2024 revision raised it further to Rs 3,850 per sq.ft, marking a 10% increase.

In summary, the guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, reflecting a total increase of 49% over that period. Overall, from 2012 to 2024, the value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 3,025 per sq.ft. The guideline value for T.E.L.C.Compound 4th Cross Street is above this median.

• T.E.L.C.Compound: Rs 3,850 per sq.ft (2024)
• Thimmaraja kula Street: Rs 3,850 per sq.ft (2024)
• Thirukazhukundram Road: Rs 2,475 per sq.ft (2024)
• Vakil Krishnaswamy Street: Rs 2,420 per sq.ft (2024)
• Varadanar Street: Rs 4,125 per sq.ft (2024)
• Veerakudi Velalar Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in T.E.L.C.Compound 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that 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 information.

Which Sub Registrar Office covers T.E.L.C.Compound 4th Cross Street?

The Sub Registrar Office that covers T.E.L.C.Compound 4th Cross Street is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. For more details, you can find your SRO.

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

The guideline value is a critical factor during the registration process when buying or selling property in Chengalpattu Town. It serves as a benchmark for determining the appropriate stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of T.E.L.C.Compound 4th Cross Street?

The current guideline value of T.E.L.C.Compound 4th Cross Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, with several revisions occurring in between. The most recent increase was a 10% rise from the 2023 figure of Rs 3,500 per sq.ft.

What are the stamp duty and registration fees for property in T.E.L.C.Compound 4th Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,50,000. The stamp duty at 7% is Rs 2,69,500, and the registration fee at 2% is Rs 77,000, totaling Rs 3,46,500.

Which office handles registrations for T.E.L.C.Compound 4th Cross Street?

The Chengleput Joint I Sub Registrar Office handles registrations for T.E.L.C.Compound 4th Cross Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for T.E.L.C.Compound 4th Cross Street?

The land classification for T.E.L.C.Compound 4th Cross Street is Commercial Special Type - I, indicating its designated use for commercial activities.