Guideline Value for MURUGAN SINTIGATE (SA)

Murugan Sintigate (Sa) guideline value

The current guideline value of Murugan Sintigate (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Murugan Sintigate (Sa) has changed

The guideline value for Murugan Sintigate (Sa) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, an increase from Rs 400 per sq.ft in 2023, marking a change of 10%. Prior to that, in 2017, the value was Rs 268 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 400 per sq.ft, indicating a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. The 2012, 2017, 2023, and 2024 figures reflect the changes that have been documented in the guideline value register.

Guideline values in Kattankollatur

Kattankollatur village features 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. The median value for these streets is Rs 1,100 per sq.ft, placing the 2024 guideline value of Murugan Sintigate (Sa) below this median.

• Muthumariamman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Mullai Nagar (Kr): Rs 660 per sq.ft (2024)
• Muthumariamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)
• Muthumari Street (Kr): Rs 660 per sq.ft (2024)
• Muthu Nagar Kattankilathur (Ward -17): Rs 550 per sq.ft (2024)
• Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Murugan Sintigate (Sa)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total fees together to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Murugan Sintigate (Sa)?

The Sub Registrar Office that covers Murugan Sintigate (Sa) 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 details.

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

The guideline value plays a crucial role during the registration of property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the current guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value, as it impacts the overall cost of the transaction. Buyers and sellers should consult the latest guideline value register to ensure they are informed about the applicable fees and values.

Frequently asked questions

What is the current guideline value of Murugan Sintigate (Sa)?

The current guideline value of Murugan Sintigate (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it increased by 49% from Rs 268 per sq.ft to Rs 400 per sq.ft.

What is the land classification for Murugan Sintigate (Sa)?

Murugan Sintigate (Sa) is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Murugan Sintigate (Sa)?

The Chengleput Joint II Sub Registrar Office covers Murugan Sintigate (Sa) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 4,40,000, the stamp duty would be 7% of this amount.