Guideline Value for Kottaikara Street

Kottaikara Street guideline value

The current guideline value of Kottaikara Street in Kanthoor village is Rs 150 per sq.ft, effective from the 2024 revision. This street falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Kottaikara Street has changed

Over the years, the guideline value of Kottaikara Street has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 150 per sq.ft. The 2017 revision recorded a lower value of Rs 100 per sq.ft, marking a decrease of 33% from the 2012 figure. From 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

The most recent revision in 2024 maintains the guideline value at Rs 150 per sq.ft, showing no change from the previous year. Overall, comparing the 2012 and 2024 revisions, there has been no net change in the guideline value.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft, with a median value of Rs 181 per sq.ft. Kottaikara Street's 2024 figure is below this median.

• Kavana Street: Rs 150 per sq.ft (2024)
• JSP Park: Rs 250 per sq.ft (2024)
• Marutham Nagar: Rs 700 per sq.ft (2024)
• Jebamalai Nagar: Rs 250 per sq.ft (2024)
• Jabamalai Nagar Viriu: Rs 250 per sq.ft (2024)
• Mettu Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Kottaikara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kottaikara Street?

Kottaikara Street is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kanthoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than fluctuating market prices.

When buying or selling property, the guideline value helps establish a fair transaction amount for both parties. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kottaikara Street?

The current guideline value of Kottaikara Street is Rs 150 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained Rs 150 per sq.ft since 2012, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023. The 2024 revision also maintains this value.

What is the land classification for Kottaikara Street?

Kottaikara Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Kottaikara Street?

The Sub Registrar Office covering Kottaikara Street is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kottaikara Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft results in a total guideline value of Rs 1,50,000, leading to a stamp duty of Rs 10,500.