Guideline Value for SILAPATHIHARAM CROSS STREET (WARD -8)

Silapathiharam Cross Street (Ward -8) guideline value

The current guideline value for Silapathiharam Cross Street (Ward -8) 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 Silapathiharam Cross Street (Ward -8) has changed

Over the years, the guideline value for Silapathiharam Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, the guideline value significantly increased by 49% to reach Rs 1,200 per sq.ft. The most recent revision in 2024 raised the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision shows an increase of 10% in the guideline value.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values for 2024 ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, making the 2024 figure for Silapathiharam Cross Street above this median.

• Silappathikaram Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Sidco Industrial Estate (Ward -8): Rs 1,320 per sq.ft (2024)
• Sindhamani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Singaravelan Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sinthamani Nagar Annex (Pa): Rs 660 per sq.ft (2024)
• Sinthamani Nagar Annex (Sa): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Silapathiharam Cross Street (Ward -8)

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 fees together to 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.

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

Which Sub Registrar Office covers Silapathiharam Cross Street (Ward -8)?

The Sub Registrar Office that covers Silapathiharam Cross Street (Ward -8) 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 is a crucial factor when registering property in Kattankollatur, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware that the guideline value can differ from the actual sale price, and the higher value will be used for calculating the applicable fees.

When a property transaction occurs, the guideline value ensures that the government receives the correct revenue from stamp duties. Therefore, understanding the guideline value is essential for anyone looking to buy or sell property in this area.

Frequently asked questions

What is the current guideline value for Silapathiharam Cross Street (Ward -8)?

The current guideline value for Silapathiharam Cross Street (Ward -8) 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 2023 to Rs 1,320 per sq.ft in 2024. It was previously Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Silapathiharam Cross Street?

The land classification for Silapathiharam Cross Street (Ward -8) is Residential Special Type - V.

Where can I find the Chengleput Joint II SRO?

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

How is the stamp duty calculated for property in this area?

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