Guideline Value for ARAVANAR STREET

Aravanar Street guideline value

The current guideline value of Aravanar Street in Kattankollatur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - I.

How the guideline value of Aravanar Street has changed

The guideline value for Aravanar Street has seen several revisions over the years. The earliest available figure is from the 2007 revision, which was Rs 275 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, but then decreased to Rs 670 per sq.ft in 2017. The 2023 revision brought the value back up to Rs 1,000 per sq.ft, and the latest revision in 2024 has increased it further to Rs 1,100 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, which aligns with the current value of Aravanar Street.

• Arivaanar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Arivudai Nambi Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Arnakiriyar Street (Ward -8): Rs 1,760 per sq.ft (2024)
• A.R.S Nagar (Sa): Rs 440 per sq.ft (2024)
• Annibesant Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Annibesant Iind Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Aravanar Street

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 fees 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 use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Aravanar Street?

The Sub Registrar Office that covers Aravanar Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The guideline value is set by the government and is updated periodically based on various factors.

When selling a property, the guideline value helps in establishing a baseline for the sale price. Buyers and sellers often refer to the guideline value to negotiate the terms of the sale, ensuring that the transaction complies with local regulations.

Frequently asked questions

What is the current guideline value of Aravanar Street?

The current guideline value of Aravanar Street 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 changed from Rs 275 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Aravanar Street?

Aravanar Street is classified as Residential Class I Type - I, indicating its use for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.