Guideline Value for SAROJAMMAL AVENUE

Sarojammal Avenue guideline value

The current guideline value of Sarojammal Avenue, located in Kattankollatur village, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Sarojammal Avenue has changed

The guideline value for Sarojammal Avenue has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. The 2023 revision saw an increase to Rs 1,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values in 2024 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 Sarojammal Avenue's 2024 figure above that median.

• Satamangalam Erikarai Street (Ward -15): Rs 440 per sq.ft (2024)
• Sathiyasai Nagar (N): Rs 660 per sq.ft (2024)
• Saptank Kulam (Ward -3): Rs 440 per sq.ft (2024)
• Sathyasai Nagar (Ward -15): Rs 660 per sq.ft (2024)
• Sathyasai Sababathi Nagar (Ward -15): Rs 440 per sq.ft (2024)
• Sathya Suriya Garden (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sarojammal Avenue

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, bringing the total to Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sarojammal Avenue?

Sarojammal Avenue is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 when buying or selling property in Kattankollatur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sarojammal Avenue?

The current guideline value of Sarojammal Avenue 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 1,320 per sq.ft in 2024, with various revisions in between that saw increases and decreases.

What is the land classification of Sarojammal Avenue?

Sarojammal Avenue is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the other streets in Kattankollatur?

Other streets in Kattankollatur include Satamangalam Erikarai Street, Sathiyasai Nagar, Saptank Kulam, and others, with varying guideline values in 2024.

Where can I find the Sub Registrar Office for Sarojammal Avenue?

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