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 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 Selliamman Koil Street (Ward-21) has changed

The guideline value for Konathi Selliamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Thailavaram

Thailavaram village has a total of 132 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, and the value for Konathi Selliamman Koil Street is below this 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 881 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 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, totaling 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 the stamp duty and registration fee calculator for more details.

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

The Chengleput Joint II Sub Registrar Office covers Konathi Selliamman Koil Street (Ward-21). The office is 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 Thailavaram

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

When engaging in a property transaction, buyers and sellers must consider the guideline value as it directly influences the financial obligations associated with the registration process. Accurate knowledge of the guideline value helps in ensuring compliance with local regulations.

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?

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

Which office manages the registration for this street?

The Chengleput Joint II Sub Registrar Office manages the registration for Konathi Selliamman Koil Street (Ward-21), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in this area?

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