Guideline Value for ALAYAMMAN KOIL STREET (WARD -19)

Alayamman Koil Street (Ward -19) guideline value

The current guideline value of Alayamman Koil Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Alayamman Koil Street (Ward -19) has changed

The guideline value for Alayamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which then decreased to Rs 268 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, and further rose to the current rate of Rs 440 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between revisions are notable, with a 49% increase from 2017 to 2023, but a decrease of 33% from 2012 to 2017. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Alayamman Koil Street's 2024 figure below the median.

• Agayathya Garden (N): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 660 per sq.ft (2024)
• Agayathiyar Street (N): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Adithiya Garden: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Alayamman Koil Street (Ward -19)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Alayamman Koil Street (Ward -19)?

The Sub Registrar Office that covers Alayamman Koil Street (Ward -19) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kattankollatur

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value helps determine the official value of the property for taxation purposes. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Alayamman Koil Street (Ward -19)?

The current guideline value of Alayamman Koil Street (Ward -19) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed significantly. It was Rs 400 per sq.ft in 2012, decreased to Rs 268 per sq.ft in 2017, rose to Rs 400 per sq.ft in 2023, and is currently Rs 440 per sq.ft in 2024.

What is the land classification for Alayamman Koil Street (Ward -19)?

The land classification for Alayamman Koil Street (Ward -19) is Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty for properties in Kattankollatur is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 4,40,000, the stamp duty would be Rs 30,800 at a rate of 7%.