Guideline Value for POIGAIALWAR STREET (WARD -5)

Poigaialwar Street (Ward -5) guideline value

The current guideline value of Poigaialwar Street (Ward -5) 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, and is classified as Residential Special Type - V.

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

Over the years, the guideline value of Poigaialwar Street 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. The 2023 revision increased it to Rs 1,200 per sq.ft, followed by the latest revision in 2024, which raised it to Rs 1,320 per sq.ft. The register does not have figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, it increased by 49% from 2017 to 2023, and from 2023 to 2024, there was a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur 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 as of 2024. The median guideline value in this village is Rs 1,100 per sq.ft, placing Poigaialwar Street's 2024 figure above that median.

• Ponmanachemmal Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Ponmudiar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Pilliyar Koil Street (Ward -3): Rs 990 per sq.ft (2024)
• Pilliyar Koil Street (Ward -2): Rs 440 per sq.ft (2024)
• Ponniamman Koil Street Peramanur (Ward -15): Rs 440 per sq.ft (2024)
• Poombavaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Poigaialwar 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, and the registration fee, charged at 2%, would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers Poigaialwar Street (Ward -5) 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 more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair price.

During registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How much 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.

What is the land classification of Poigaialwar Street (Ward -5)?

Poigaialwar Street (Ward -5) is classified as Residential Special Type - V.

What are the guideline values of other streets in Kattankollatur?

Other streets in Kattankollatur have varying guideline values, with rates ranging from Rs 440 to Rs 3,612 per sq.ft. The median value is Rs 1,100 per sq.ft.

Where can I find the Sub Registrar Office for Poigaialwar Street (Ward -5)?

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