Guideline Value for Thiruchittrambalam Nagar

Thiruchittrambalam Nagar guideline value

The current guideline value of Thiruchittrambalam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This village is part of Sevilimadu - A and falls under the Kanchipuram Joint II SRO, classified as Residential Class I Type - I.

How the guideline value of Thiruchittrambalam Nagar has changed

The guideline value has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 raised it further to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is where Thiruchittrambalam Nagar stands.

• Thalaivar St: Rs 1,100 per sq.ft (2024)
• S.S. Nagar: Rs 1,100 per sq.ft (2024)
• Vallalar ST: Rs 1,100 per sq.ft (2024)
• Vandavasi Road: Rs 2,200 per sq.ft (2024)
• Sri Sankar Nagar: Rs 875 per sq.ft (2024)
• Vedachalam Nagar(South): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruchittrambalam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruchittrambalam Nagar?

The Sub Registrar Office that covers Thiruchittrambalam Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial metric used during the registration of property transactions in Sevilimadu - A. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction is in compliance with local regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions, as all parties are aware of the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Thiruchittrambalam Nagar?

The current guideline value of Thiruchittrambalam Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

Which Sub Registrar Office covers Thiruchittrambalam Nagar?

The Kanchipuram Joint II Sub Registrar Office covers Thiruchittrambalam Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What are the stamp duty and registration fees for properties in Thiruchittrambalam Nagar?

For a property valued at the current guideline value of Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

What is the land classification for Thiruchittrambalam Nagar?

Thiruchittrambalam Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.