Guideline Value for CHENNAI GATE RESIDENTIAL TOWNSHIP EXTENTION-I

Chennai Gate Residential Township Extention-I guideline value

The current guideline value of Chennai Gate Residential Township Extention-I is Rs 1,320 per sq.ft, effective from 1 July 2024. This property is located in Kattankollatur village under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Chennai Gate Residential Township Extention-I has changed

The guideline value for this street has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show an increase from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, marking a change of +10%.

Prior to the 2023 revision, the guideline value was not recorded for the aforementioned years. The 2024 figure of Rs 1,320 per sq.ft is a significant update, reflecting the latest assessment in the guideline value register.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which means the 2024 figure for Chennai Gate Residential Township Extention-I is above the median.

• Cheran Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Chelliyamman Kovil Street(Kr): Rs 660 per sq.ft (2024)
• Chitra Nagar (Sa): Rs 440 per sq.ft (2024)
• Chozhan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• C.K.Radha Nagar: Rs 1,980 per sq.ft (2024)
• Chakaravarthy Nagar (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Chennai Gate Residential Township Extention-I

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to 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, totaling 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 Chennai Gate Residential Township Extention-I?

The Chennai Gate Residential Township Extention-I falls under 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 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 are applicable to the transaction.

When a property is sold, the guideline value is considered to ensure that the registration reflects an accurate and fair assessment of the property’s worth, which is essential for both buyers and sellers during the registration process.

Frequently asked questions

What is the current guideline value for Chennai Gate Residential Township Extention-I?

The current guideline value for Chennai Gate Residential Township Extention-I is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, reflecting a change of +10%. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

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. The 2024 figure for Chennai Gate Residential Township Extention-I is above this median.

What are the stamp duty rates for property in Chennai Gate Residential Township Extention-I?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400.

Which office handles the registration for Chennai Gate Residential Township Extention-I?

The Chengleput Joint II Sub Registrar Office handles the registration for Chennai Gate Residential Township Extention-I, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.