Guideline Value for NH2 EXTENSION (WARD -7)

Nh2 Extension (Ward -7) guideline value

The current guideline value for Nh2 Extension (Ward -7) in Kattankollatur village is Rs 1,320 per sq.ft, effective from the 2024 revision. This falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Nh2 Extension (Ward -7) has changed

Over the years, the guideline value for Nh2 Extension (Ward -7) has undergone several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and finally rose to Rs 1,320 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a substantial increase of 49%. The increase from 2023 to 2024 was 10%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. The register has no figure for this street in the years 2002, 2003, and 2007.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with 2024 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 Nh2 Extension (Ward -7) above this median.

• Nirmal Nagar (Per): Rs 440 per sq.ft (2024)
• New Balaji Nagar Barathiar Street (Ward -3): Rs 990 per sq.ft (2024)
• Nethaji Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Om Sakthi Street (Per): Rs 660 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 440 per sq.ft (2024)
• Ottakoothar Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Nh2 Extension (Ward -7)

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nh2 Extension (Ward -7)?

Nh2 Extension (Ward -7) falls under 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 information.

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

The guideline value is a crucial factor when registering property in Kattankollatur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value for Nh2 Extension (Ward -7)?

The current guideline value for Nh2 Extension (Ward -7) is Rs 1,320 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the registration fee for property in Nh2 Extension (Ward -7)?

The registration fee for property in Nh2 Extension (Ward -7) is calculated based on the guideline value, which is currently Rs 1,320 per sq.ft. For a 1,000 sq.ft plot, the registration fee would be Rs 26,400.

Where can I find the Sub Registrar Office for Nh2 Extension (Ward -7)?

The Sub Registrar Office covering Nh2 Extension (Ward -7) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum price for property registration and is essential for calculating stamp duty and registration fees. It ensures that transactions are recorded at a value that reflects the government's revenue requirements.