Guideline Value for KARIKAALAN STREET (WARD -6)

Karikaalan Street (Ward -6) guideline value

The current guideline value of Karikaalan Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Karikaalan Street (Ward -6) has changed

Over the years, the guideline value of Karikaalan Street has seen several revisions. In 2012, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2017 revision, where it was reduced to Rs 804 per sq.ft. The value then increased significantly to Rs 1,200 per sq.ft in 2023 and further rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it saw a substantial increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has 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 village is Rs 1,100 per sq.ft, placing Karikaalan Street's 2024 figure above the median.

• Karikilaar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Karaikal Ammiyar Street (Per): Rs 1,320 per sq.ft (2024)
• Kannikoil Street Kattankolathur (Ward -18): Rs 550 per sq.ft (2024)
• Karpaga Vinayagapuram (Sa): Rs 440 per sq.ft (2024)
• Kanniamman Koil Street (Ward -18): Rs 550 per sq.ft (2024)
• Karumaan Kuttai (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Karikaalan Street (Ward -6)

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, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator to determine the applicable fees for your property.

Which Sub Registrar Office covers Karikaalan Street (Ward -6)?

The Sub Registrar Office that covers Karikaalan Street (Ward -6) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit this find your SRO page.

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

The guideline value is a crucial factor when registering a property in Kattankollatur. It serves as the minimum value for property transactions, ensuring that the sale price is not undervalued for taxation purposes. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted transparently and fairly, adhering to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Karikaalan Street (Ward -6)?

The current guideline value of Karikaalan Street (Ward -6) 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 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 Karikaalan Street?

Karikaalan Street (Ward -6) is classified as Residential Special Type - V.

Where is the Chengleput Joint II Sub Registrar Office located?

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

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 92,400.