Guideline Value for SAPTANK KULAM (WARD -3)

Saptank Kulam (Ward -3) guideline value

The current guideline value of Saptank Kulam (Ward -3) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Saptank Kulam (Ward -3) has changed

The guideline value for Saptank Kulam has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then decreased to Rs 268 per sq.ft in the 2017 revision. Following this, the value increased to Rs 400 per sq.ft in 2023 and finally rose to Rs 440 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft in 2024. The median guideline value for the village is Rs 1,100 per sq.ft, placing Saptank Kulam's 2024 figure below that median.

• Sankarandas Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sanjeevi Nagar (Ward -17): Rs 660 per sq.ft (2024)
• Sarojammal Avenue: Rs 1,320 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Satamangalam Erikarai Street (Ward -15): Rs 440 per sq.ft (2024)
• Sampath Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Saptank Kulam (Ward -3)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total charges to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Saptank Kulam (Ward -3)?

The Saptank Kulam (Ward -3) area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. 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 factor during the registration of property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the registration process reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value for Saptank Kulam (Ward -3)?

The current guideline value for Saptank Kulam (Ward -3) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Saptank Kulam (Ward -3)?

Saptank Kulam (Ward -3) is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for property in Saptank Kulam (Ward -3)?

For a plot of 1,000 sq.ft, the total guideline value is Rs 4,40,000. The stamp duty at 7% is Rs 30,800, and the registration fee at 2% is Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for Saptank Kulam (Ward -3)?

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