Guideline Value for SOUTHERN COUNTY PHASE - III

Southern County Phase - III guideline value

The current guideline value of Southern County Phase - III in Kattankollatur village is Rs 1,980 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Southern County Phase - III has changed

Over the years, the guideline value for Southern County Phase - III has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,206 per sq.ft. However, this was followed by a significant increase in the 2023 revision, which raised the value to Rs 1,800 per sq.ft again, and then to Rs 1,980 per sq.ft in the 2024 revision.

The changes between these revisions are noteworthy. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Finally, the guideline value rose by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur has 453 streets under the Chengleput Joint II SRO, with the 2024 guideline values 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, making the current value of Southern County Phase - III above this median.

• South Ganapathy Nagar (Pa): Rs 660 per sq.ft (2024)
• Sms Nagar: Rs 1,100 per sq.ft (2024)
• S.K.R. Avenue (Ward -19): Rs 990 per sq.ft (2024)
• Sree Krishna Nagar: Rs 1,320 per sq.ft (2024)
• Sinthamani Nagar (Sa): Rs 440 per sq.ft (2024)
• Sinthamani Nagar (Per): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Southern County Phase - III

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Southern County Phase - III?

The Southern County Phase - III 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 in the registration process of property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be considered for calculating duties.

When engaging in property transactions, it is essential to refer to the latest guideline values to ensure compliance with local regulations and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Southern County Phase - III?

The current guideline value of Southern County Phase - III is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Southern County Phase - III?

Southern County Phase - III is classified as Residential Special Type - II under the Chengleput Joint II SRO.

Where can I find the registration office for Southern County Phase - III?

The registration office covering Southern County Phase - III is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Southern County Phase - III?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,38,600 at 7% of the guideline value.