Guideline Value for NAGAVALLIAMMAN KOIL STREET(WARD -8)

Nagavalliamman Koil Street(Ward -8) guideline value

The current guideline value for Nagavalliamman Koil Street (Ward -8) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Nagavalliamman Koil Street(Ward -8) has changed

In the 2012 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased by 33% to Rs 1,206 per sq.ft. Following this, the value saw a significant increase of 49% in 2023, reaching Rs 1,800 per sq.ft. The most recent revision in 2024 has further increased the value by 10%, bringing it to Rs 1,980 per sq.ft.

The register has no 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 Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the 2024 figure for Nagavalliamman Koil Street (Ward -8) above the median.

• Nagavalliamman Koil Street (Ward -2): Rs 1,320 per sq.ft (2024)
• Nainar Mohamed Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Nakkeeran Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Nalliagodan Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Nammalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Nanmullaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Nagavalliamman Koil Street(Ward -8)

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total charges Rs 1,78,200. 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 information on fees applicable to your property.

Which Sub Registrar Office covers Nagavalliamman Koil Street(Ward -8)?

The Sub Registrar Office that covers Nagavalliamman Koil Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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. When buying or selling property, the guideline value is used as a benchmark to calculate the stamp duty and registration fees, ensuring that the correct amounts are paid to the authorities.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. The guideline value helps ensure transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value for Nagavalliamman Koil Street (Ward -8)?

The current guideline value for Nagavalliamman Koil Street (Ward -8) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Nagavalliamman Koil Street (Ward -8)?

The land classification for Nagavalliamman Koil Street (Ward -8) is Residential Special Type - II.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers this street?

The Chengleput Joint II Sub Registrar Office covers Nagavalliamman Koil Street (Ward -8), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.