Guideline Value for S.K.R. AVENUE (WARD -19)

S.K.R. Avenue (Ward -19) guideline value

The current guideline value of S.K.R. Avenue (Ward -19) is Rs 990 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 Class I Type - II.

How the guideline value of S.K.R. Avenue (Ward -19) has changed

The guideline value for S.K.R. Avenue has undergone several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 900 per sq.ft, and the most recent revision in 2024 has set the value at Rs 990 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The guideline value then rose by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Kattankollatur

Kattankollatur 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 guideline value in this village is Rs 1,100 per sq.ft, placing S.K.R. Avenue's 2024 figure below that median.

• Sms Nagar: Rs 1,100 per sq.ft (2024)
• Southern County Phase - III: Rs 1,980 per sq.ft (2024)
• South Ganapathy Nagar (Pa): Rs 660 per sq.ft (2024)
• Sinthamani Nagar (Sa): Rs 440 per sq.ft (2024)
• Sinthamani Nagar (Per): Rs 440 per sq.ft (2024)
• Sinthamani Nagar Annex (Sa): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in S.K.R. Avenue (Ward -19)

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, making the total cost Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.K.R. Avenue (Ward -19)?

The Sub Registrar Office that covers S.K.R. Avenue (Ward -19) 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 plays a crucial role during the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that the government receives the appropriate revenue from property sales, based on the established guideline values.

Frequently asked questions

What is the current guideline value of S.K.R. Avenue (Ward -19)?

The current guideline value of S.K.R. Avenue (Ward -19) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 900 per sq.ft in 2012, Rs 603 per sq.ft in 2017, Rs 900 per sq.ft in 2023, and Rs 990 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What are the stamp duty and registration fees for properties in S.K.R. Avenue?

For a property valued at Rs 9,90,000, the stamp duty is Rs 69,300, and the registration fee is Rs 19,800, totaling Rs 89,100. These fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers S.K.R. Avenue?

The Chengleput Joint II Sub Registrar Office covers S.K.R. Avenue (Ward -19) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How does the guideline value affect property transactions in Kattankollatur?

The guideline value is used to determine the minimum registration value for properties, impacting the calculation of stamp duty and registration fees. This ensures compliance with local regulations during property transactions.