Guideline Value for KONATHI 1ST CROSS STREET (WARD-21)

Konathi 1st Cross Street (Ward-21) guideline value

The current guideline value of Konathi 1st Cross Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Potheri village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - I.

How the guideline value of Konathi 1st Cross Street (Ward-21) has changed

The guideline value for Konathi 1st Cross Street (Ward-21) has undergone several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017, marking a decline of 33%. However, the value saw a significant increase to Rs 600 per sq.ft in 2023, followed by another rise to Rs 660 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, indicating that the 2024 figure for Konathi 1st Cross Street (Ward-21) is below this median.

• Konathi 2nd Cross Street (Ward-21): Rs 660 per sq.ft (2024)
• Konathi Selliamman Koil Street (Ward-21): Rs 660 per sq.ft (2024)
• Kattupakkam (Ward-21): Rs 660 per sq.ft (2024)
• Kulakkarai Street (Ward-21): Rs 660 per sq.ft (2024)
• Karukkan Thoppu (Ward-21): Rs 660 per sq.ft (2024)
• Kumaran 1st Street (Ward-20): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Konathi 1st Cross Street (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, resulting in a total of Rs 59,400. It is important to note that 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 Konathi 1st Cross Street (Ward-21)?

The Sub Registrar Office that covers Konathi 1st Cross Street (Ward-21) 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 Potheri

The guideline value is an essential factor when registering property transactions in Potheri. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the registration office uses the guideline value to calculate the necessary fees, ensuring that all transactions are conducted fairly and transparently based on the established rates.

Frequently asked questions

What is the current guideline value of Konathi 1st Cross Street (Ward-21)?

The current guideline value of Konathi 1st Cross Street (Ward-21) 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 back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Konathi 1st Cross Street (Ward-21)?

Konathi 1st Cross Street (Ward-21) is classified as Residential Class II Type - I.

Which Sub Registrar Office should I visit for transactions in Konathi 1st Cross Street (Ward-21)?

You should visit the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Potheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 6,60,000 would incur a stamp duty of Rs 46,200 at 7%.