Guideline Value for SERVARAYAR STREET (PER)

Servarayar Street (Per) guideline value

The current guideline value of Servarayar Street (Per) 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 Servarayar Street (Per) has changed

Since the 2012 revision, the guideline value for Servarayar Street (Per) has seen several changes. In 2012, the value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,200 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, reflecting a 10% rise from the previous year.

For the years 2002, 2003, and 2007, the register shows no figures for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, making the guideline value of Servarayar Street (Per) above the median.

• Seranmadevi Street (Ward -8): Rs 1,760 per sq.ft (2024)
• Senthil Nagar Ninnaikarai (Ward -19): Rs 990 per sq.ft (2024)
• Senthamil Nagar, Kattankulathur (Ward -17): Rs 990 per sq.ft (2024)
• Senkeniamman Koil Street (Ward -2): Rs 440 per sq.ft (2024)
• Senguttuvan Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Senguthambi Pavalar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Servarayar Street (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Servarayar Street (Per)?

The Sub Registrar Office that covers Servarayar Street (Per) is 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 is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate the applicable duties.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation. This helps in avoiding any discrepancies that could arise during the registration process, ensuring a smooth transaction.

Frequently asked questions

What is the current guideline value of Servarayar Street (Per)?

The current guideline value of Servarayar Street (Per) 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 are the stamp duty and registration fees for a property on Servarayar Street (Per)?

For a 1,000 sq.ft property, the total guideline value is Rs 13,20,000. The stamp duty would be Rs 92,400, and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Servarayar Street (Per)?

The Chengleput Joint II Sub Registrar Office handles registrations for Servarayar Street (Per), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Servarayar Street (Per)?

Servarayar Street (Per) is classified as Residential Special Type - V, indicating its specific zoning and usage regulations.