Guideline Value

Corporate

Guideline Value for CHENNAI METRO CITY PHASE II

₹600/sq.ft.

The guideline value for Chennai Metro City Phase Ii in Kolathur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 600 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kolathur

Village

Chengleput Joint II

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹600 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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 Chennai Metro City Phase Ii

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Chennai Metro City Phase II guideline value

The current guideline value for Chennai Metro City Phase II is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Kolathur village under the Chengleput Joint II SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Chennai Metro City Phase II has changed

The guideline value for Chennai Metro City Phase II has remained consistent over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the value was set at Rs 600 per sq.ft, which remained unchanged in the 2024 revision, showing a change of +0% from 2023 to 2024.

Thus, the guideline value has been Rs 600 per sq.ft since the 2023 revision, and it continues to be Rs 600 per sq.ft in the 2024 revision. This consistency reflects stability in the valuation for this area.

Guideline values in Kolathur

In Kolathur, there are 58 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,600 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the 2024 figure for Chennai Metro City Phase II. Here are the guideline values for other streets in Kolathur:

Stamp duty and registration fee for property in Chennai Metro City Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Chennai Metro City Phase II?

Chennai Metro City Phase II falls under the jurisdiction of 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 Kolathur

The guideline value is a crucial factor in property transactions in Kolathur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the registration process.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value for Chennai Metro City Phase II?

The current guideline value for Chennai Metro City Phase II is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Chennai Metro City Phase II has remained at Rs 600 per sq.ft since the 2023 revision, with no changes noted from 2023 to 2024.

What are the guideline values for other streets in Kolathur?

Other streets in Kolathur have varying guideline values, with some streets like Ganesh Gardens at Rs 800 per sq.ft and others like Chennai Metro City Phase I at Rs 600 per sq.ft.

How is the stamp duty calculated for properties in Chennai Metro City Phase II?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000.

Where can I find the Sub Registrar Office for Chennai Metro City Phase II?

The Chengleput Joint II Sub Registrar Office, which covers Chennai Metro City Phase II, is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.