Guideline Value for K.S.PURAM PAMBAKAL STREET (WARD -15)

K.S.Puram Pambakal Street (Ward -15) guideline value

The current guideline value of K.S.Puram Pambakal Street (Ward -15) is Rs 440 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 Class II Type - II.

How the guideline value of K.S.Puram Pambakal Street (Ward -15) has changed

In the 2012 revision, the guideline value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in the 2017 revision, reflecting a change of -33%. The 2023 revision saw an increase to Rs 400 per sq.ft, and the current 2024 revision has further increased this to Rs 440 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, indicating that K.S.Puram Pambakal Street's 2024 figure is below that median.

• Krishtappa Street (Ward -17): Rs 550 per sq.ft (2024)
• Kulakkarai Street Old (Ward -15): Rs 440 per sq.ft (2024)
• Kulakkarai Street Old (Ward -18): Rs 550 per sq.ft (2024)
• Kulakkarai Street (Ward -17): Rs 550 per sq.ft (2024)
• Kumaragurubarar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Kumaranar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in K.S.Puram Pambakal Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.S.Puram Pambakal Street (Ward -15)?

The Sub Registrar Office that covers K.S.Puram Pambakal Street (Ward -15) 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 stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of K.S.Puram Pambakal Street (Ward -15)?

The current guideline value of K.S.Puram Pambakal Street (Ward -15) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for K.S.Puram Pambakal Street (Ward -15)?

The land classification for K.S.Puram Pambakal Street (Ward -15) is Residential Class II Type - II.

What are the stamp duty and registration fees for property in K.S.Puram Pambakal Street (Ward -15)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 39,600.

Which office handles property registrations for K.S.Puram Pambakal Street (Ward -15)?

The Chengleput Joint II Sub Registrar Office handles property registrations for K.S.Puram Pambakal Street (Ward -15), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.