Guideline Value for ILANTHIRAIAN STREET (WARD -6)

Ilanthiraian Street (Ward -6) guideline value

The current guideline value of Ilanthiraian Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Ilanthiraian Street (Ward -6) has changed

Over the years, the guideline value of Ilanthiraian Street has seen several revisions. The guideline value was Rs 1,200 per sq.ft in 2023, which increased to Rs 1,320 per sq.ft in the 2024 revision, marking a change of +10%. Prior to that, in 2017, the value was Rs 804 per sq.ft, showing a significant increase of +49% to reach the 2023 figure. The 2012 revision also listed the value at Rs 1,200 per sq.ft, but this 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 there are no figures available for the revisions in 2002, 2003, and 2007 for Ilanthiraian Street.

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 as of 2024. The median guideline value in the village is Rs 1,100 per sq.ft, placing Ilanthiraian Street's current value above this median.

• Ilavazhaganar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Ilawalahar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Imayavaramban Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Indhu Garden (Sa): Rs 440 per sq.ft (2024)
• India Piston (Pa): Rs 550 per sq.ft (2024)
• Indira Ganthi Nagar (N): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ilanthiraian Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be 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, bringing the total fees to 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.

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ilanthiraian Street (Ward -6)?

The Sub Registrar Office that covers Ilanthiraian Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. Buyers should be aware that the guideline value is the basis for these calculations, ensuring that the fees are aligned with the official valuation of the property.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property’s value at the time of the transaction.

Frequently asked questions

What is the current guideline value of Ilanthiraian Street (Ward -6)?

The current guideline value of Ilanthiraian Street (Ward -6) 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 changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing various fluctuations over the years.

What is the land classification for Ilanthiraian Street?

The land classification for Ilanthiraian Street is Residential Special Type - V, which indicates its designated use within the village.

How does the guideline value affect property transactions?

The guideline value is essential for calculating stamp duty and registration fees during property transactions. It ensures that these fees are based on the official valuation of the property, which is crucial for both buyers and sellers.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for properties in Ilanthiraian Street and other areas within the jurisdiction.