Guideline Value for KAATHAVARAYAN KOIL STREET (WARD -1)

Kaathavarayan Koil Street (Ward -1) guideline value

The current guideline value of Kaathavarayan Koil Street (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Konathi village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Kaathavarayan Koil Street (Ward -1) has changed

In the 2012 revision, the guideline value was Rs 700 per sq.ft. This figure decreased to Rs 469 per sq.ft in the 2017 revision, marking a reduction of 33%. However, the value saw a significant increase of 49% to Rs 700 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the guideline value to Rs 770 per sq.ft, which is a rise of 10% from the previous year.

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

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 guideline value for these streets is Rs 770 per sq.ft, which is equal to the 2024 figure for Kaathavarayan Koil Street (Ward -1).

• Kakkan Street Mgr Nagar (Ward-20): Rs 880 per sq.ft (2024)
• Kalaignar Karunanithi Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Kalaimagal Street (Ward-21): Rs 660 per sq.ft (2024)
• Kalaivani Nagar Main Road (Ward -1): Rs 770 per sq.ft (2024)
• Kamarajar Street (Ward-21): Rs 660 per sq.ft (2024)
• Kamatchi Nagar (Val): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kaathavarayan Koil Street (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total fees together Rs 69,300. 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 precise calculations.

Which Sub Registrar Office covers Kaathavarayan Koil Street (Ward -1)?

The Sub Registrar Office that covers Kaathavarayan Koil Street (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is used as a reference point for determining the value of properties when buying or selling in Konathi. It is essential for calculating the stamp duty and registration fees required during the registration process.

When you register a property, the guideline value will be considered to ensure that the correct fees are applied. Therefore, understanding the guideline value is crucial for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Kaathavarayan Koil Street (Ward -1)?

The current guideline value of Kaathavarayan Koil Street (Ward -1) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What are the other streets in Konathi with their guideline values?

Other streets in Konathi include Kakkan Street Mgr Nagar at Rs 880 per sq.ft, Kalaignar Karunanithi Street at Rs 1,100 per sq.ft, and Kalaimagal Street at Rs 660 per sq.ft, among others. The guideline values for these streets vary significantly.

What is the stamp duty rate for properties in Kaathavarayan Koil Street (Ward -1)?

The stamp duty rate for properties in Kaathavarayan Koil Street (Ward -1) is 7%. This is calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kaathavarayan Koil Street (Ward -1)?

The Sub Registrar Office for Kaathavarayan Koil Street (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the appropriate link.