Guideline Value for KAITHE MILLATH STREET (WARD -8)

Kaithe Millath Street (Ward -8) guideline value

The current guideline value of Kaithe Millath Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Kaithe Millath Street (Ward -8) has changed

In the 2012 revision, the guideline value for Kaithe Millath Street was Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft, marking a -33% change. The value then increased significantly in the 2023 revision to Rs 1,200 per sq.ft, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, placing Kaithe Millath Street's 2024 figure above this median.

• Kalaignar Karunanithi Nagar (Ward -2): Rs 440 per sq.ft (2024)
• Kaaraikazhani (Ward -2): Rs 440 per sq.ft (2024)
• Kaanthaliamman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• J.V.Avenue (Ward -19): Rs 660 per sq.ft (2024)
• Kalaimagal Nagar, Ninnakarai (Ward -19): Rs 660 per sq.ft (2024)
• Jrk School (N): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kaithe Millath Street (Ward -8)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaithe Millath Street (Ward -8)?

The Chengleput Joint II Sub Registrar Office covers Kaithe Millath Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial figure used during property registration in Panangottur. It serves as a basis for calculating stamp duty and registration fees, ensuring that both parties are aware of the official value of the property being transacted.

When buying or selling property, the guideline value helps in determining the legal obligations and costs associated with the transaction. It is essential for buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kaithe Millath Street?

The current guideline value of Kaithe Millath Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has varied over the years, with a decrease in 2017 to Rs 804 per sq.ft, and an increase to Rs 1,200 per sq.ft in 2023, followed by a rise to Rs 1,320 per sq.ft in 2024.

What is the land classification of Kaithe Millath Street?

Kaithe Millath Street is classified as Residential Special Type - V according to the current land classification.

Where can I find the registration office for Kaithe Millath Street?

The registration office for Kaithe Millath Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Panangottur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 at a rate of 7%.