Guideline Value for BLUE CHIP RESIDENCY (KR)

Blue Chip Residency (Kr) guideline value

The current guideline value of Blue Chip Residency (Kr) in Kattankollatur village is Rs 990 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Blue Chip Residency (Kr) has changed

The guideline value for Blue Chip Residency (Kr) has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 900 per sq.ft. This was followed by a decrease in 2017 to Rs 603 per sq.ft, which represented a decline of 33%. In 2023, the value was revised to Rs 900 per sq.ft, and the latest revision in 2024 has increased it to Rs 990 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value saw a significant increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Blue Chip Residency (Kr) below the median value.

• Boothapandian Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Bhuvaneshwari Nagar (Per): Rs 660 per sq.ft (2024)
• B R Nagar (Sa): Rs 440 per sq.ft (2024)
• Bhuthathalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Bhuthar Nagar (Per): Rs 440 per sq.ft (2024)
• Bhavani Nagar (Per): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Blue Chip Residency (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total costs together to Rs 89,100. 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 details.

Which Sub Registrar Office covers Blue Chip Residency (Kr)?

The Sub Registrar Office that covers Blue Chip Residency (Kr) 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 when registering property transactions in Kattankollatur, as it determines the stamp duty and registration fees applicable to the property. Buyers and sellers must be aware that the guideline value is used to calculate these fees, which are charged based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers to ensure compliance with registration requirements. It helps in determining the financial obligations associated with property transactions, making it an integral part of the buying and selling process.

Frequently asked questions

What is the current guideline value of Blue Chip Residency (Kr)?

The current guideline value of Blue Chip Residency (Kr) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Blue Chip Residency (Kr)?

Blue Chip Residency (Kr) is classified as Residential Class I Type - II under the Chengleput Joint II SRO.

What is the median guideline value for streets in Kattankollatur?

The median guideline value for streets in Kattankollatur is Rs 1,100 per sq.ft, with Blue Chip Residency (Kr) being below this median.

Where can I find the Sub Registrar Office for Blue Chip Residency (Kr)?

The Sub Registrar Office for Blue Chip Residency (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.