Guideline Value for Road Street

Road Street guideline value

The current guideline value of Road Street in Kanthoor village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Road Street has changed

Over the years, the guideline value of Road Street has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision had a lower figure of Rs 134 per sq.ft, marking a decrease of 33% from the 2012 value. The most significant change occurred between the 2017 and 2023 revisions, which saw an increase of 49%.

As of the latest 2024 revision, the guideline value remains at Rs 200 per sq.ft, showing no change from the previous year. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kanthoor

In Kanthoor village, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft. The median value of these streets is Rs 181 per sq.ft, placing Road Street's guideline value above this median.

• School Street: Rs 181 per sq.ft (2024)
• Sharma Nagar: Rs 250 per sq.ft (2024)
• Periya Street: Rs 150 per sq.ft (2024)
• Small Street: Rs 150 per sq.ft (2024)
• Padavettamman Kovil Street: Rs 150 per sq.ft (2024)
• Sri Sai Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Road Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty, charged at 7%, would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the 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 Road Street?

The Sub Registrar Office that covers Road Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kanthoor. It serves as a benchmark for calculating the stamp duty and registration fees that buyers must pay when acquiring property.

When a property is sold, the guideline value is used to determine the applicable duties, ensuring that the transaction is recorded accurately and transparently. Buyers should be aware that the guideline value is subject to periodic revisions, impacting the overall costs involved in property transactions.

Frequently asked questions

What is the current guideline value of Road Street?

The current guideline value of Road Street in Kanthoor village is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification for Road Street?

Road Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Road Street?

The Sub Registrar Office for Road Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Road Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 200 per sq.ft incurs a total guideline value of Rs 2,00,000, leading to a stamp duty of Rs 14,000.