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. This street is located in Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this area is 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 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. This marked 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 the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, making the 2024 figure for Konathi 1st Cross Street below the 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 881 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 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 fees together to Rs 59,400. It is important to note that the 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 precise 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 Thailavaram

The guideline value is an important factor during property transactions in Thailavaram. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

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?

Since 2012, the guideline value has changed from Rs 600 to Rs 660 per sq.ft in 2024. The value saw a decrease to Rs 402 per sq.ft in 2017 and then increased back to Rs 600 in 2023.

What is the land classification for Konathi 1st Cross Street?

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

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400. This is calculated based on the guideline value.

Which office handles registrations for Konathi 1st Cross Street?

The Chengleput Joint II Sub Registrar Office handles registrations for Konathi 1st Cross Street (Ward-21), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.