Guideline Value for STATION STREET (WARD -18)

Station Street (Ward -18) guideline value

The current guideline value of Station Street (Ward -18) is Rs 660 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 Class I Type - III.

How the guideline value of Station Street (Ward -18) has changed

The guideline value for Station Street has undergone several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023 and then to Rs 660 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value rose by 49%. The most recent change from 2023 to 2024 reflects an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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. The median value for these streets is Rs 1,100 per sq.ft, placing Station Street's 2024 figure below this median.

• State Bank Colony: Rs 1,980 per sq.ft (2024)
• Subramania Siva Salai (Ward -8): Rs 1,320 per sq.ft (2024)
• Sundarar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Surendrapuram (N): Rs 660 per sq.ft (2024)
• Sri Sakthi Nagar (Ward -15): Rs 660 per sq.ft (2024)
• Swamy Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Station Street (Ward -18)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, together totaling Rs 59,400. 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 more detailed calculations.

Which Sub Registrar Office covers Station Street (Ward -18)?

The Sub Registrar Office that covers Station Street (Ward -18) 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 critical factor in property transactions, as it serves as a benchmark for determining the stamp duty and registration fees. When a property is sold, the guideline value is used to calculate these fees, ensuring that they are based on a standardized value rather than the sale price alone.

Frequently asked questions

What is the current guideline value of Station Street (Ward -18)?

The current guideline value of Station Street (Ward -18) 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Station Street (Ward -18)?

Station Street (Ward -18) is classified as Residential Class I Type - III.

What other streets have guideline values in Kattankollatur?

There are several other streets in Kattankollatur with varying guideline values, including State Bank Colony, Subramania Siva Salai, and Sundarar Street, among others.

Where can I find the Sub Registrar Office for Station Street (Ward -18)?

The Sub Registrar Office for Station Street (Ward -18) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu Joint II SRO.