Guideline Value for TELUGU CHERRINATHAN

Telugu Cherrinathan guideline value

The current guideline value of Telugu Cherrinathan is Rs 1,000 per sq.ft, effective from 1 July 2024. This area falls under Chemmancheri village and is registered with the Neelankarai SRO. The land classification for this street is Residential Class V Type - II.

How the guideline value of Telugu Cherrinathan has changed

In the 2012 revision, the guideline value was set at Rs 750 per sq.ft. This increased to Rs 502 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to the 2023 revision, the value rose significantly by 99% to Rs 1,000 per sq.ft. The 2023 revision also retained this value in the 2024 revision, showing no change. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 33%. The current value is consistent with the figures from the previous two revisions, reflecting stability in the guideline value of Telugu Cherrinathan.

Guideline values in Chemmancheri

In Chemmancheri village, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value of Telugu Cherrinathan is below this median.

• Tamilnadu Housing Board & Sunami Nagar: Rs 1,100 per sq.ft (2024)
• Sundar Garden: Rs 1,000 per sq.ft (2024)
• Sundaram Garden III: Rs 3,300 per sq.ft (2024)
• Sundaram Garden - II: Rs 3,300 per sq.ft (2024)
• Sundaram Garden I: Rs 1,100 per sq.ft (2024)
• Subash Chandra Bose Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Telugu Cherrinathan

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total cost to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Telugu Cherrinathan?

The Telugu Cherrinathan area is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Chemmancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both parties. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price, thereby ensuring that the transaction is appropriately taxed.

Frequently asked questions

What is the current guideline value of Telugu Cherrinathan?

The current guideline value of Telugu Cherrinathan is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,000 per sq.ft in both 2023 and 2024. It was Rs 502 per sq.ft in 2017 and Rs 750 per sq.ft in 2012.

What is the land classification for Telugu Cherrinathan?

The land classification for Telugu Cherrinathan is Residential Class V Type - II, indicating its use for residential purposes.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Telugu Cherrinathan?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 10,00,000 would incur a stamp duty of Rs 70,000 at 7%.