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 Potheri 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

The guideline value for Kaathavarayan Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was later decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the most recent 2024 revision has set it at Rs 770 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023 and decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with the current guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is the same as the current value 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 amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Potheri. It serves as the basis for calculating the stamp duty and registration fees that buyers need to pay when purchasing property.

When selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures that the property is not sold below a certain threshold, providing a standard for both buyers and sellers in the 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 increased to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification for Kaathavarayan Koil Street?

The land classification for Kaathavarayan Koil Street (Ward -1) is Residential Class I Type - III.

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

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300.

Which office handles registrations for Kaathavarayan Koil Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Kaathavarayan Koil Street (Ward -1), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.