Guideline Value for PANDIAN STREET (WARD -5)

Pandian Street (Ward -5) guideline value

The current guideline value of Pandian Street (Ward -5) is Rs 1,320 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 - V.

How the guideline value of Pandian Street (Ward -5) has changed

Over the years, the guideline value for Pandian Street (Ward -5) has seen 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 further rose to the current rate of Rs 1,320 per sq.ft in the 2024 revision. It is important to note that there are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10% in the guideline value.

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 guideline value in this village is Rs 1,100 per sq.ft, making the current value of Rs 1,320 per sq.ft for Pandian Street (Ward -5) higher than the median.

• Pandidurai Devar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Panankottur (Ward -15): Rs 440 per sq.ft (2024)
• Pammal K. Sampanthar Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Pambaikal Street (Per): Rs 660 per sq.ft (2024)
• Pambaikaal Street (Ward -15): Rs 440 per sq.ft (2024)
• Parimezhagar Street (Ward -6): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Pandian Street (Ward -5)

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, charged at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pandian Street (Ward -5)?

The Sub Registrar Office that covers Pandian Street (Ward -5) 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 plays a crucial role when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. Buyers and sellers must be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pandian Street (Ward -5)?

The current guideline value of Pandian Street (Ward -5) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pandian Street (Ward -5) has changed several times, with the most recent increase being from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. The value saw a decrease from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017 before rising again.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft. The current value for Pandian Street (Ward -5) is above this median.

What are the stamp duty and registration fees for property in Pandian Street (Ward -5)?

The stamp duty for property in Pandian Street (Ward -5) is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 1,18,800.

Which Sub Registrar Office covers Pandian Street (Ward -5)?

The Chengleput Joint II Sub Registrar Office covers Pandian Street (Ward -5), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.