Guideline Value for J P WATCH MAN (PER)

J P Watch Man (Per) guideline value

The current guideline value for J P Watch Man (Per) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of J P Watch Man (Per) has changed

The guideline value for J P Watch Man (Per) has undergone several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. The following revision in 2023 saw a significant increase to Rs 600 per sq.ft, and the current revision in 2024 further increased the value to Rs 660 per sq.ft, reflecting a 10% rise from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, comparing the 2012 figure to the current 2024 value, there has been a total increase of 10%. It is important to note that there are no registered figures for this street in the years 2002, 2003, and 2007.

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 guideline value for the village is Rs 1,100 per sq.ft, which places the current guideline value of J P Watch Man (Per) below this median.

• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 660 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)
• Johnshi Rani Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in J P Watch Man (Per)

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, charged at 7%, would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. The total cost for these fees together would be Rs 59,400. It is important to note that the 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 details.

Which Sub Registrar Office covers J P Watch Man (Per)?

The Sub Registrar Office covering J P Watch Man (Per) 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be sold and is used to calculate the applicable stamp duty and registration fees.

When a property is registered, the guideline value ensures that the government receives the appropriate revenue from transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of J P Watch Man (Per)?

The current guideline value of J P Watch Man (Per) 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 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and is currently Rs 660 per sq.ft in 2024.

What is the land classification of J P Watch Man (Per)?

J P Watch Man (Per) is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles registrations for J P Watch Man (Per)?

The Chengleput Joint II Sub Registrar Office handles registrations for J P Watch Man (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.