Guideline Value for MAMARATHU GATE UNION ROAD (PER)

Mamarathu Gate Union Road (Per) guideline value

The current guideline value of Mamarathu Gate Union Road (Per) is Rs 990 per sq.ft, effective from 1 July 2024. This road is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Mamarathu Gate Union Road (Per) has changed

The guideline value for Mamarathu Gate Union Road (Per) has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 900 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 603 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 900 per sq.ft again. The latest revision in 2024 has further increased the value by 10% to Rs 990 per sq.ft.

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 Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value for the village is Rs 1,100 per sq.ft, placing Mamarathu Gate Union Road (Per) below this median.

• Mangayarkarasi Street (Ward -6): Rs 1,760 per sq.ft (2024)
• Manickavasagar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Malar Aveunue (N): Rs 660 per sq.ft (2024)
• Manimegalai Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Main Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Manonmanian Street (Ward -8): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Mamarathu Gate Union Road (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty is charged at 7%, which equals Rs 69,300, and the registration fee is 2%, amounting to Rs 19,800. Therefore, the total cost for stamp duty and registration fees together is Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Mamarathu Gate Union Road (Per)?

The Mamarathu Gate Union Road (Per) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects the appropriate value for stamp duty calculations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. This ensures that both the buyer and seller are aware of the financial implications before finalizing the transaction.

Frequently asked questions

What is the current guideline value of Mamarathu Gate Union Road (Per)?

The current guideline value of Mamarathu Gate Union Road (Per) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Mamarathu Gate Union Road (Per)?

The land classification for Mamarathu Gate Union Road (Per) is Residential Class I Type - II.

What are the stamp duty rates for property transactions in Kattankollatur?

The stamp duty for property transactions in Kattankollatur is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Mamarathu Gate Union Road (Per)?

The Sub Registrar Office covering Mamarathu Gate Union Road (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.