Guideline Value for HANDICAPED STREET (WARD-21)

Handicaped Street (Ward-21) guideline value

The current guideline value of Handicaped Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Konathi village under the Chengleput Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Handicaped Street (Ward-21) has changed

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This figure remained the same until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The value increased significantly to Rs 600 per sq.ft in the 2023 revision, and then rose again to Rs 660 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 figure to the 2024 figure, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konathi

In Konathi village, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value is Rs 770 per sq.ft, placing Handicaped Street's 2024 figure below that median.

• Gurusamy Street (Ward-21): Rs 660 per sq.ft (2024)
• G.S.T.Road (Ward -1): Rs 2,200 per sq.ft (2024)
• G.S.T Road Thailavaram (Ward-21): Rs 2,200 per sq.ft (2024)
• Gst Road Potheri (Ward-20): Rs 2,200 per sq.ft (2024)
• G.S.T. Road Chamundeeswari (Ward-21): Rs 2,200 per sq.ft (2024)
• Gopula Krishna Nagar (Tai): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Handicaped Street (Ward-21)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, while the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Handicaped Street (Ward-21)?

The Sub Registrar Office covering Handicaped Street (Ward-21) 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 details.

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

The guideline value plays a crucial role in property transactions in Konathi. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per the government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the registration process. Buyers should be aware of these values to avoid any discrepancies during the registration of their property.

Frequently asked questions

What is the current guideline value of Handicaped Street (Ward-21)?

The current guideline value of Handicaped Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 660 per sq.ft in 2024. It was Rs 600 per sq.ft in 2023, Rs 402 per sq.ft in 2017, and Rs 600 per sq.ft in 2012.

What is the classification of Handicaped Street (Ward-21)?

Handicaped Street (Ward-21) is classified as Residential Class II Type - I under the Chengleput Joint II SRO.

Where can I find the Sub Registrar Office for Handicaped Street (Ward-21)?

The Sub Registrar Office for Handicaped Street (Ward-21) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is stamp duty calculated for properties in Handicaped Street (Ward-21)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at 7%.