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Guideline Value

Corporate

Guideline Value for CHAKARAVARTHY NAGAR (N)

₹660/sq.ft.

The guideline value for Chakaravarthy Nagar (n) in Kattankollatur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kattankollatur

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Chakaravarthy Nagar (n)

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Chakaravarthy Nagar (N) guideline value

The current guideline value for Chakaravarthy Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Chakaravarthy Nagar (N) has changed

Over the years, the guideline value for Chakaravarthy Nagar (N) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 402 per sq.ft. However, the value increased to Rs 600 per sq.ft in 2012 and then rose to Rs 660 per sq.ft in the 2023 revision, marking a 49% increase.

The latest revision in 2024 has set the guideline value at Rs 660 per sq.ft, reflecting a 10% increase from the 2023 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that 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, 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 Chakaravarthy Nagar (N) below this median.

Stamp duty and registration fee for property in Chakaravarthy Nagar (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Together, the total fees would be Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Chakaravarthy Nagar (N)?

The Sub Registrar Office covering Chakaravarthy Nagar (N) 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 information.

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

The guideline value plays a crucial role in the registration process for property transactions in Kattankollatur. When a property is sold or purchased, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the transaction. Understanding the guideline value helps in making informed decisions regarding property dealings in the area.

Frequently asked questions

What is the current guideline value for Chakaravarthy Nagar (N)?

The current guideline value for Chakaravarthy Nagar (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 10% increase. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012, showing various fluctuations over the years.

What is the stamp duty rate for property transactions in Chakaravarthy Nagar (N)?

The stamp duty rate for property transactions in Chakaravarthy Nagar (N) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Chakaravarthy Nagar (N)?

The Sub Registrar Office for Chakaravarthy Nagar (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What are the guideline values for other streets in Kattankollatur?

Other streets in Kattankollatur have varying guideline values. For instance, Caldwell Street has a value of Rs 1,320 per sq.ft, while B R Nagar has a value of Rs 440 per sq.ft as of 2024.