Guideline Value for CHELLIYAMMAN KOVIL STREET(KR)

Chelliyamman Kovil Street(Kr) guideline value

The current guideline value of Chelliyamman Kovil Street(Kr) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Chelliyamman Kovil Street(Kr) has changed

The guideline value for Chelliyamman Kovil Street(Kr) has seen several revisions over the years. The register shows a value of Rs 600 per sq.ft in 2023, which increased by 10% to Rs 660 per sq.ft in 2024. Prior to that, in 2017, the value was Rs 402 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 600 per sq.ft, which was a decrease of 33% from the 2017 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. Thus, the revisions available are from 2012, 2017, 2023, and the current 2024 figure.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Chelliyamman Kovil Street(Kr) below this median with its current value of Rs 660 per sq.ft.

• Chennai Gate Residential Township Extention-I: Rs 1,320 per sq.ft (2024)
• Cheran Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Chakaravarthy Nagar (N): Rs 660 per sq.ft (2024)
• Chitra Nagar (Sa): Rs 440 per sq.ft (2024)
• Caldwell Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Chelliyamman Kovil Street(Kr)

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 cost for stamp duty and registration would be Rs 59,400. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Chelliyamman Kovil Street(Kr)?

The Sub Registrar Office that covers Chelliyamman Kovil Street(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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers and sellers must ensure that they are aware of the current guideline value to calculate these costs accurately.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used as the basis for calculating the stamp duty. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Chelliyamman Kovil Street(Kr)?

The current guideline value of Chelliyamman Kovil Street(Kr) 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 a significant increase of 49% from 2017 to 2023.

What is the land classification of Chelliyamman Kovil Street(Kr)?

Chelliyamman Kovil Street(Kr) is classified as Residential Class I Type - III according to the current guidelines.

Where can I find the Sub Registrar Office for this area?

The Chengleput Joint II Sub Registrar Office covers Chelliyamman Kovil Street(Kr) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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 of the property. This ensures that the correct amount is charged during the registration process.