Guideline Value for KANNIKOIL STREET KATTANKOLATHUR (WARD -18)

Kannikoil Street Kattankolathur (Ward -18) guideline value

The current guideline value of Kannikoil Street Kattankolathur (Ward -18) is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kannikoil Street Kattankolathur (Ward -18) has changed

The guideline value for Kannikoil Street has undergone several revisions over the years. In 2012, the guideline value was Rs 500 per sq.ft. This value then decreased to Rs 335 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for this street in the register for the years 2002, 2003, and 2007.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,612 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Kannikoil Street Kattankolathur (Ward -18) is below this median.

• Karaikal Ammiyar Street (Per): Rs 1,320 per sq.ft (2024)
• Kanniamman Koil Street (Ward -18): Rs 550 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)
• Kannaki Street (N): Rs 1,320 per sq.ft (2024)
• Kannagi Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kannikoil Street Kattankolathur (Ward -18)

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the 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, totaling Rs 49,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kannikoil Street Kattankolathur (Ward -18)?

The Sub Registrar Office that covers Kannikoil Street Kattankolathur (Ward -18) 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 Kattankollatur

The guideline value is an essential factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the required fees, ensuring that both the buyer and seller are aware of the financial implications of the transaction. This process helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kannikoil Street Kattankolathur (Ward -18)?

The current guideline value of Kannikoil Street Kattankolathur (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 of Kannikoil Street?

Kannikoil Street is classified as Residential Class II Type - I, indicating its designation for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

What are the other guideline values in Kattankollatur?

In Kattankollatur, the guideline values for other streets range from Rs 440 to Rs 3,612 per sq.ft, with a median value of Rs 1,100 per sq.ft. Kannikoil Street's value is below this median.