Guideline Value for SEETHALAI SATHANAR STREET (WARD -6)

Seethalai Sathanar Street (Ward -6) guideline value

The current guideline value of Seethalai Sathanar Street (Ward -6) is Rs 1,320 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 Special Type - V.

How the guideline value of Seethalai Sathanar Street (Ward -6) has changed

The guideline value for Seethalai Sathanar Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. However, the value increased significantly in the following revisions, reaching Rs 1,200 per sq.ft in 2023 and then rising to Rs 1,320 per sq.ft in 2024, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision reflects a modest increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft, with a median value of Rs 1,100 per sq.ft. Seethalai Sathanar Street's guideline value of Rs 1,320 per sq.ft is above this median.

• Seerapuranam Street (N): Rs 1,320 per sq.ft (2024)
• Seevaga Chinthamani Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Seikizhar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• School Street (Ward -2): Rs 440 per sq.ft (2024)
• School Street (Ward -15): Rs 440 per sq.ft (2024)
• Selliamman Koil Street (Ward -17): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Seethalai Sathanar Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total 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, leading to a total of Rs 1,18,800. 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 accurate calculations.

Which Sub Registrar Office covers Seethalai Sathanar Street (Ward -6)?

The Sub Registrar Office that covers Seethalai Sathanar Street (Ward -6) 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 of properties in Kattankollatur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official value set by the registration department.

When buying or selling property, the guideline value is taken into account to determine the applicable fees and taxes. This helps maintain transparency and standardization in property transactions within the area.

Frequently asked questions

What is the current guideline value of Seethalai Sathanar Street (Ward -6)?

The current guideline value of Seethalai Sathanar Street (Ward -6) 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 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 Seethalai Sathanar Street?

The land classification for Seethalai Sathanar Street (Ward -6) is Residential Special Type - V.

Where is the Sub Registrar Office located?

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

How is stamp duty calculated for properties in Kattankollatur?

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