Guideline Value for OTTAKOOTHAR STREET (WARD -6)

Ottakoothar Street (Ward -6) guideline value

The current guideline value of Ottakoothar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Ottakoothar Street (Ward -6) has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained unchanged in the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a -33% change. The 2023 revision saw a significant increase, bringing the value to Rs 1,200 per sq.ft, and further increasing to Rs 1,320 per sq.ft in the 2024 revision, reflecting a +10% change from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2024, the overall change in the guideline value is +10%. The increase from 2017 to 2023 was +49%, indicating a substantial rise in value over this period.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Ottakoothar Street's 2024 figure above this median.

• Paavanar Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Paavendar Steet (Ward -6): Rs 1,980 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 440 per sq.ft (2024)
• Paaventhar Street (Ward -5): Rs 1,980 per sq.ft (2024)
• Om Sakthi Street (Per): Rs 660 per sq.ft (2024)
• Paaventhar Street (Ward -7): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ottakoothar Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total 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. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ottakoothar Street (Ward -6)?

The Sub Registrar Office covering Ottakoothar Street (Ward -6) 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 further assistance.

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

The guideline value serves as a benchmark for property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees when a property is bought or sold, ensuring that the government collects the appropriate taxes based on the property's value.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the taxes are calculated fairly.

Frequently asked questions

What is the current guideline value of Ottakoothar Street (Ward -6)?

The current guideline value of Ottakoothar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024. This represents an overall change of +10% from 2012 to 2024.

What is the land classification of Ottakoothar Street (Ward -6)?

Ottakoothar Street (Ward -6) is classified as Residential Special Type - V, indicating its suitability for residential development.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

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 of the property. For instance, a property with a guideline value of Rs 13,20,000 would incur a stamp duty of Rs 92,400 at 7%.