Guideline Value for KARAIKAL AMMIYAR STREET (PER)

Karaikal Ammiyar Street (Per) guideline value

The current guideline value of Karaikal Ammiyar Street (Per) is Rs 1,320 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 Special Type - V.

How the guideline value of Karaikal Ammiyar Street (Per) has changed

The guideline value for Karaikal Ammiyar Street (Per) has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 804 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, marking a 10% rise 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. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, and Karaikal Ammiyar Street (Per) is positioned above this median with its 2024 figure of Rs 1,320 per sq.ft.

• Karikaalan Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Kannikoil Street Kattankolathur (Ward -18): Rs 550 per sq.ft (2024)
• Karikilaar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Kanniamman Koil Street (Ward -18): Rs 550 per sq.ft (2024)
• Karpaga Vinayagapuram (Sa): Rs 440 per sq.ft (2024)
• Kannaki Street (N): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Karaikal Ammiyar Street (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Karaikal Ammiyar Street (Per)?

The Chengleput Joint II Sub Registrar Office covers Karaikal Ammiyar Street (Per). The office is 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 Kattankollatur

The guideline value plays a crucial role during property registration in Kattankollatur. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is important for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost involved in the transaction. Ensuring that the property is registered at the correct guideline value can help avoid legal complications in the future.

Frequently asked questions

What is the current guideline value of Karaikal Ammiyar Street (Per)?

The current guideline value of Karaikal Ammiyar Street (Per) 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Karaikal Ammiyar Street (Per)?

The land classification for Karaikal Ammiyar Street (Per) is Residential Special Type - V.

Which office handles the registration for properties in Kattankollatur?

The Chengleput Joint II Sub Registrar Office handles the registration for properties in Kattankollatur. It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Kattankollatur?

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 7%.