Guideline Value for KAANTHALIAMMAN KOIL STREET (WARD -15)

Kaanthaliamman Koil Street (Ward -15) guideline value

The current guideline value for Kaanthaliamman Koil Street (Ward -15) is Rs 550 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 - I.

How the guideline value of Kaanthaliamman Koil Street (Ward -15) has changed

The guideline value for Kaanthaliamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then reduced to Rs 335 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, representing a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 550 per sq.ft, a change of 10% from the previous year.

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

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, placing Kaanthaliamman Koil Street's 2024 figure below that median.

• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 660 per sq.ft (2024)
• Jrk School (N): Rs 1,320 per sq.ft (2024)
• J P Watch Man (Per): Rs 660 per sq.ft (2024)
• Kaithe Millath Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kalaignar Karunanithi Nagar (Ward -2): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Kaanthaliamman Koil Street (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaanthaliamman Koil Street (Ward -15)?

The Sub Registrar Office covering Kaanthaliamman Koil 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 of property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction reflects a fair value for taxation purposes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kaanthaliamman Koil Street?

The current guideline value of Kaanthaliamman Koil Street (Ward -15) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 increasing it to Rs 550 per sq.ft from Rs 500 per sq.ft in 2023. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for Kaanthaliamman Koil Street?

Kaanthaliamman Koil Street is classified as Residential Class II Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 49,500.

Where can I find the Sub Registrar Office for Kaanthaliamman Koil Street?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for Kaanthaliamman Koil Street.