Guideline Value for AVVAI DURAISAMY STREET (WARD -4)

Avvai Duraisamy Street (Ward -4) guideline value

The current guideline value of Avvai Duraisamy Street (Ward -4) is Rs 1,320 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 Special Type - V.

How the guideline value of Avvai Duraisamy Street (Ward -4) has changed

Over the years, the guideline value of Avvai Duraisamy Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 804 per sq.ft. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the current 2024 revision has further increased it to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, and Avvai Duraisamy Street's 2024 figure is above this median.

• Avvaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Ayya Nagar (Sa): Rs 440 per sq.ft (2024)
• Azhahiri Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Bajanai Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Bajanai Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• Bajanai Koil Street (Ward -19): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Avvai Duraisamy Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvai Duraisamy Street (Ward -4)?

The Sub Registrar Office that covers Avvai Duraisamy Street (Ward -4) 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 during the registration of properties in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established values set by the registration department.

Frequently asked questions

What is the current guideline value of Avvai Duraisamy Street?

The current guideline value of Avvai Duraisamy Street (Ward -4) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2012, the guideline value has increased by 10% overall, with significant changes from Rs 1,200 in 2012 to Rs 1,320 in 2024.

What is the land classification for Avvai Duraisamy Street?

The land classification for Avvai Duraisamy Street is Residential Special Type - V, indicating its designated use for residential purposes.

Where can I find the Chengleput Joint II SRO?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee Rs 26,400.