Guideline Value for Big Street

Big Street guideline value

The current guideline value of Big Street in Kanthoor village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Big Street has changed

In the 2012 revision, the guideline value for Big Street was set at Rs 150 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. However, in 2017, the value had previously increased from Rs 100 per sq.ft in 2012, marking a 33% decrease from the earlier figure. The 2023 revision also maintained the value at Rs 150 per sq.ft.

The most recent revision in 2024 has again set the guideline value at Rs 150 per sq.ft, reflecting no change from the previous year. Overall, from 2012 to 2024, the guideline value has remained constant, with a 50% increase noted from 2017 to 2023.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft, with a median value of Rs 181 per sq.ft. The guideline value of Big Street is below this median.

• Biramanar Cross Street: Rs 150 per sq.ft (2024)
• Biramanar Street: Rs 181 per sq.ft (2024)
• Central Grand: Rs 700 per sq.ft (2024)
• Central Green: Rs 590 per sq.ft (2024)
• Baskaran Avenue: Rs 150 per sq.ft (2024)
• Bajanai Kovil Street: Rs 181 per sq.ft (2024)

Stamp duty and registration fee for property in Big Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. 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 Big Street?

The Sub Registrar Office covering Big Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kanthoor, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during property transactions. This value serves as a benchmark for the registration process, ensuring that all transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value of Big Street?

The current guideline value of Big Street in Kanthoor village is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 150 per sq.ft in 2012, 2017, and 2023, with a significant increase from Rs 100 per sq.ft in 2017. The value has not changed from 2023 to 2024.

What is the land classification for Big Street?

Big Street is classified as Residential Class III Type - I under the Sunguvarchattram SRO.

What are the stamp duty and registration fees for property in Big Street?

For a property valued at Rs 1,50,000, the stamp duty is Rs 10,500 at 7%, and the registration fee is Rs 3,000 at 2%, totaling Rs 13,500.

Which office handles registrations for Big Street?

The Sunguvarchattram Sub Registrar Office handles registrations for Big Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.