Guideline Value for Trichy Chinnaswamy Street

Trichy Chinnaswamy Street guideline value

The current guideline value of Trichy Chinnaswamy Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Trichy Chinnaswamy Street has changed

The guideline value for Trichy Chinnaswamy Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, it decreased to Rs 804 per sq.ft in the 2017 revision, reflecting a 33% drop. The value then saw a significant increase to Rs 1,200 per sq.ft in 2023, and finally rose to Rs 1,300 per sq.ft in the 2024 revision, an 8% increase.

It is important to note that the register has no figures for Trichy Chinnaswamy Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, positioning Trichy Chinnaswamy Street's 2024 figure below this median.

• T.P.Scheme Road: Rs 1,300 per sq.ft (2024)
• Udaiyar Egappan Street: Rs 1,300 per sq.ft (2024)
• Ulagappa Mesthri Street: Rs 1,300 per sq.ft (2024)
• Ullaramman Koil Street: Rs 1,600 per sq.ft (2024)
• Thulasingam Street: Rs 2,200 per sq.ft (2024)
• Throupathy Amman Koil Lane: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Trichy Chinnaswamy Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty, charged at 7%, would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000. Together, the total cost for these fees would be Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Trichy Chinnaswamy Street?

The Sub Registrar Office that covers Trichy Chinnaswamy Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Tondaiarpet. It serves as a reference point for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is registered at a fair value, which helps in maintaining transparency in property dealings. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Trichy Chinnaswamy Street?

The current guideline value of Trichy Chinnaswamy Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, representing an overall increase of 117% over the years.

What are the other streets with the same guideline value in Tondaiarpet?

Other streets in Tondaiarpet with the same guideline value of Rs 1,300 per sq.ft in 2024 include T.P.Scheme Road, Udaiyar Egappan Street, Ulagappa Mesthri Street, and Throupathy Amman Koil Lane.

What are the stamp duty and registration fees for properties in Trichy Chinnaswamy Street?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,17,000.

Which office handles registrations for Trichy Chinnaswamy Street?

The Royapuram Sub Registrar Office handles registrations for Trichy Chinnaswamy Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.