Guideline Value for TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type)

TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type) guideline value

The current guideline value for TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type) in Chitthalapakkam village is Rs 2,700 per sq.ft, effective from 1 July 2024. This property falls under the Selaiyur SRO and is classified as Residential Special Type - I.

How the guideline value of TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type) has changed

The guideline value has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 2,500 per sq.ft, and the latest 2024 revision has further raised it to Rs 2,700 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 8% from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Chitthalapakkam

Chitthalapakkam village has a total of 107 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,300 to Rs 5,000 per sq.ft. The median value for these streets is Rs 2,900 per sq.ft, placing the current guideline value of TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type) below this median.

• Tamilnadu Housing Board (L.I.G & H.I.G): Rs 3,300 per sq.ft (2024)
• Tamilselvi Nagar: Rs 2,900 per sq.ft (2024)
• Thaumanavar Street: Rs 2,700 per sq.ft (2024)
• The Breeze By Jones: Rs 3,350 per sq.ft (2024)
• Thendral Nagar: Rs 2,100 per sq.ft (2024)
• Thirukkural Street: Rs 1,950 per sq.ft (2024)

Stamp duty and registration fee for property in TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty is charged at 7%, resulting in Rs 1,89,000, while the registration fee at 2% amounts to Rs 54,000. Therefore, the total cost for stamp duty and registration fee together is Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type)?

The TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type) is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chitthalapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction is in line with the prevailing rates in the area. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value for TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type)?

The current guideline value for TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type) in Chitthalapakkam is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

What is the median guideline value for streets in Chitthalapakkam?

The median guideline value for the 107 streets in Chitthalapakkam is Rs 2,900 per sq.ft. The current value for TAMIL NADU HOUSING BOARD (E.W.S A Type & B Type) is below this median.

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

The stamp duty for a property valued at Rs 27,00,000 is Rs 1,89,000, and the registration fee is Rs 54,000, making the total Rs 2,43,000. The duty is charged on the higher of the guideline value or the sale price.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.