Guideline Value for KOLATHESWAR KOVIL STREET (KR)

Kolatheswar Kovil Street (Kr) guideline value

The current guideline value for Kolatheswar Kovil Street (Kr) in Sattamangalam village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Kolatheswar Kovil Street (Kr) has changed

Over the years, the guideline value for Kolatheswar Kovil Street (Kr) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was later reduced to Rs 402 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 600 per sq.ft in 2023. The most recent revision in 2024 has further increased the guideline value to Rs 660 per sq.ft, marking a 10% rise from the previous year.

It is worth noting that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Kolatheswar Kovil Street (Kr) is below this median.

• Kodikatha Kumaran Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kodikatha Kumaran 2nd Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Korukkanthangal Salai (Ward -18): Rs 550 per sq.ft (2024)
• Kothari Nagar (Ward -15): Rs 660 per sq.ft (2024)
• Kothari Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Kavimani Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kolatheswar Kovil Street (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost for these fees to Rs 59,400. Please note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kolatheswar Kovil Street (Kr)?

The Kolatheswar Kovil Street (Kr) 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 more information.

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

The guideline value is a crucial factor in property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area. This value serves as a reference point for both buyers and sellers during the registration process.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and transparently. It is important for buyers to be aware of the guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Kolatheswar Kovil Street (Kr)?

The current guideline value of Kolatheswar Kovil Street (Kr) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Kolatheswar Kovil Street (Kr)?

Kolatheswar Kovil Street (Kr) is classified as Residential Class I Type - III.

What are the registration fees for property in Kolatheswar Kovil Street (Kr)?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles the registration for Kolatheswar Kovil Street (Kr)?

The Chengleput Joint II Sub Registrar Office handles the registration for Kolatheswar Kovil Street (Kr), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.