Guideline Value for 200 FEET ROAD

200 Feet Road guideline value

The current guideline value of 200 Feet Road in S. Kullathur village is Rs 3,300 per sq.ft, effective from 1 July 2024. This road falls under the Pallavaram Sub Registrar Office (SRO) and is classified as Mixed Type - I land.

How the guideline value of 200 Feet Road has changed

The guideline value for 200 Feet Road has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft. This figure then decreased to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,000 per sq.ft, which is a rise of 49%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in S. Kullathur

In S. Kullathur, there are 71 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,400 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, placing the 2024 guideline value of 200 Feet Road above this median.

• Vinayagapuram 1 To 19 Streets: Rs 1,320 per sq.ft (2024)
• Viduthalai Nagar 1 To 15 Streets: Rs 3,300 per sq.ft (2024)
• Vidudhalai Nagar: Rs 3,300 per sq.ft (2024)
• Vendhan Nagar 1 To 4 Streets: Rs 2,200 per sq.ft (2024)
• Unmai Nagar Exten.(Engineers Avenue): Rs 3,300 per sq.ft (2024)
• Thiru Nagar Extn: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in 200 Feet Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 further calculations.

Which Sub Registrar Office covers 200 Feet Road?

The Sub Registrar Office that covers 200 Feet Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in S. Kullathur

The guideline value plays a crucial role in the registration process of property transactions in S. Kullathur. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps determine the minimum sale price for registration purposes. Buyers and sellers should be aware that the actual sale price or the guideline value, whichever is higher, will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value for 200 Feet Road?

The current guideline value for 200 Feet Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the stamp duty rate for properties in S. Kullathur?

The stamp duty rate for properties in S. Kullathur is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for 200 Feet Road?

The Sub Registrar Office for 200 Feet Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What is the median guideline value for streets in S. Kullathur?

The median guideline value for streets in S. Kullathur is Rs 2,750 per sq.ft, with 200 Feet Road's value above this median at Rs 3,300 per sq.ft.