Guideline Value for SANKARANDAS STREET (WARD -7)

Sankarandas Street (Ward -7) guideline value

The current guideline value of Sankarandas Street (Ward -7) 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 Sankarandas Street (Ward -7) has changed

The guideline value for Sankarandas Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for Sankarandas Street for the years 2002, 2003, and 2007.

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 for these streets is Rs 1,100 per sq.ft, placing Sankarandas Street's 2024 figure above the median.

• Sanjeevi Nagar (Ward -17): Rs 660 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Saptank Kulam (Ward -3): Rs 440 per sq.ft (2024)
• Sampath Nagar (Kr): Rs 660 per sq.ft (2024)
• Samidass Street (N): Rs 660 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 440 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, resulting in a total of Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Sankarandas Street (Ward -7) 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 details.

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

The guideline value is a critical reference point for property transactions in Kattankollatur. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Accurate calculations based on the guideline value help in avoiding any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Sankarandas Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How 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 increased 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 for Sankarandas Street?

Sankarandas Street is classified as Residential Special Type - V, indicating its intended use for residential purposes.

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

The Chengleput Joint II Sub Registrar Office covers Sankarandas Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 13,20,000, the stamp duty would be Rs 92,400 at 7%.