Guideline Value for KONATHI SELLIAMMAN KOIL STREET (WARD-21)

Konathi Selliamman Koil Street (Ward-21) guideline value

The current guideline value of Konathi Selliamman Koil Street (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Potheri 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 Selliamman Koil Street (Ward-21) has changed

The guideline value for Konathi Selliamman Koil Street has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, the value saw a significant increase of 49%, reaching Rs 600 per sq.ft in 2023. The latest revision in 2024 has seen a further increase of 10%, bringing the current guideline value to Rs 660 per sq.ft.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 village is Rs 770 per sq.ft, making the current value of Konathi Selliamman Koil Street (Ward-21) below that median.

• Konathi 2nd Cross Street (Ward-21): Rs 660 per sq.ft (2024)
• Konathi 1st Cross 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 Selliamman Koil 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 cost for these fees 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 detailed calculations.

Which Sub Registrar Office covers Konathi Selliamman Koil Street (Ward-21)?

The Sub Registrar Office that covers Konathi Selliamman Koil Street (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Potheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Konathi Selliamman Koil Street (Ward-21)?

The current guideline value of Konathi Selliamman Koil 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Konathi Selliamman Koil Street (Ward-21)?

The land classification for Konathi Selliamman Koil Street (Ward-21) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Chengleput Joint II Sub Registrar Office covers Konathi Selliamman Koil Street (Ward-21) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in this area?

The stamp duty for properties in Konathi Selliamman Koil Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 46,200.