Guideline Value for KANNIAMMAN KOIL STREET (WARD -18)

Kanniamman Koil Street (Ward -18) guideline value

The current guideline value of Kanniamman Koil Street (Ward -18) 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 Kanniamman Koil Street (Ward -18) has changed

The guideline value of Kanniamman Koil Street has undergone several revisions over the years. The earliest recorded revision was in 2012, setting the value at Rs 500 per sq.ft. This was followed by a decrease to Rs 335 per sq.ft in 2017. In 2023, the value increased to Rs 500 per sq.ft, and the most recent revision in 2024 has set the value at Rs 550 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The transition from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Kanniamman Koil Street's 2024 figure below that median.

• Kannikoil Street Kattankolathur (Ward -18): Rs 550 per sq.ft (2024)
• Karaikal Ammiyar Street (Per): Rs 1,320 per sq.ft (2024)
• Kannaki Street (N): Rs 1,320 per sq.ft (2024)
• Kannagi Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Karikaalan Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Karikilaar Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kanniamman Koil Street (Ward -18)

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. It is important 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 detailed calculations.

Which Sub Registrar Office covers Kanniamman Koil Street (Ward -18)?

Kanniamman Koil Street (Ward -18) is covered by 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 further assistance.

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

The guideline value serves as a benchmark for property transactions in Kattankollatur. When buying or selling property, this value is crucial as it determines the stamp duty and registration fees payable to the government. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Additionally, the guideline value is used by the registration authorities to assess the fair value of the property being transacted. It helps in maintaining transparency and standardization in property dealings within the area.

Frequently asked questions

What is the current guideline value of Kanniamman Koil Street (Ward -18)?

The current guideline value of Kanniamman Koil Street (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Kanniamman Koil Street?

Kanniamman Koil Street falls under the Residential Class II Type - I land classification.

What are the stamp duty and registration fees for properties on this street?

For a property valued at 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, totaling Rs 49,500.

Where is the Sub Registrar Office for Kanniamman Koil Street located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.