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Guideline Value

Corporate

Guideline Value for SRI SAKTHI NAGAR (WARD -15)

₹660/sq.ft.

The guideline value for Sri Sakthi Nagar (ward -15) in Kattankollatur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kattankollatur

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Sakthi Nagar (ward -15)

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Sri Sakthi Nagar (Ward -15) guideline value

The current guideline value of Sri Sakthi Nagar (Ward -15) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Sri Sakthi Nagar (Ward -15) has changed

The guideline value for Sri Sakthi Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft. This figure remained the same until the next revision in 2017, where it decreased to Rs 402 per sq.ft. Following this, the guideline value increased significantly to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value rose by 49%, and overall, from 2012 to 2024, it has increased by 10%. This reflects the changes in the valuation over the years, highlighting the fluctuations in the guideline value.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with guideline values 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, placing the guideline value of Sri Sakthi Nagar (Ward -15) below this median.

Stamp duty and registration fee for property in Sri Sakthi Nagar (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Sakthi Nagar (Ward -15)?

Sri Sakthi Nagar (Ward -15) falls under 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 further assistance.

How the guideline value is used when you buy or sell in Kattankollatur

The guideline value is a crucial factor when registering property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property sale, ensuring that these costs are calculated based on an official valuation.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property should be registered. This process ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar (Ward -15)?

The current guideline value of Sri Sakthi Nagar (Ward -15) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Sri Sakthi Nagar (Ward -15)?

Sri Sakthi Nagar (Ward -15) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

What is the registration office for properties in Sri Sakthi Nagar (Ward -15)?

The registration office for properties in Sri Sakthi Nagar (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Sri Sakthi Nagar (Ward -15)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.