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 Vallancheri 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

Over the years, the guideline value for Kaathavarayan Koil Street has undergone several revisions. The earliest recorded figure is from 2012, where it was Rs 700 per sq.ft. This was followed by a decrease to Rs 469 per sq.ft in 2017. The 2023 revision saw an increase to Rs 700 per sq.ft, and the most recent revision in 2024 has set the value at Rs 770 per sq.ft, marking a 10% increase from the previous year. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a significant decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, which means that Kaathavarayan Koil Street's 2024 figure is below that median.

• 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, while the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is essential to note that the 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 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vallancheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and standardized across the region.

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?

Kaathavarayan Koil Street is classified as Residential Class I Type - III.

How does the guideline value compare to other streets in Vallancheri?

The guideline value of Rs 770 per sq.ft for Kaathavarayan Koil Street is below the median value of Rs 825 per sq.ft for the 134 streets in Vallancheri under the Chengleput Joint II SRO.

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

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.