Guideline Value for PAAVENTHAR STREET (WARD -7)

Paaventhar Street (Ward -7) guideline value

The current guideline value of Paaventhar Street (Ward -7) 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, with a land classification of Residential Special Type - II.

How the guideline value of Paaventhar Street (Ward -7) has changed

The guideline value for Paaventhar Street has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 1,800 per sq.ft. In 2017, it decreased to Rs 1,206 per sq.ft, marking a decline of 33%. However, by 2023, the value increased significantly to Rs 1,800 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village 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. The median value in this village is Rs 1,100 per sq.ft, which means that Paaventhar Street's 2024 figure of Rs 1,980 per sq.ft is above the median.

• Paaventhar Street (Ward -5): Rs 1,980 per sq.ft (2024)
• Paavendar Steet (Ward -6): Rs 1,980 per sq.ft (2024)
• Paavanar Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Ottakoothar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Padmavathi Avenue (Ward -19): Rs 660 per sq.ft (2024)
• Om Sakthi Street (Ward -15): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Paaventhar Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty, calculated at 7%, is Rs 1,38,600, and the registration fee at 2% amounts to Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Paaventhar Street (Ward -7)?

The Sub Registrar Office that covers Paaventhar Street (Ward -7) 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 information.

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

The guideline value is an essential factor in the registration process for 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 is conducted at a fair price.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. These fees are mandatory and are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Paaventhar Street (Ward -7)?

The current guideline value of Paaventhar Street (Ward -7) 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 several times, with the most recent increase from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, a 10% increase. The value was Rs 1,206 per sq.ft in 2017 and Rs 1,800 per sq.ft in 2012.

What are the guideline values of other streets in Kattankollatur?

In Kattankollatur, other streets have varying guideline values. For example, Paaventhar Street (Ward -5) and Paavendar Steet (Ward -6) both have a guideline value of Rs 1,980 per sq.ft, while Paavanar Street (Ward -4) is at Rs 1,760 per sq.ft.

What is the stamp duty for property in Paaventhar Street (Ward -7)?

The stamp duty for a property valued at Rs 19,80,000 in Paaventhar Street (Ward -7) is Rs 1,38,600, calculated at 7% of the guideline value. The registration fee is an additional Rs 39,600 at 2% of the guideline value.

Which office handles registrations for Paaventhar Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office handles registrations for Paaventhar Street (Ward -7). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.