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 Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

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

The guideline value for Station Street has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a drop of 33%. The 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision raised it further to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, positioning Station Street's 2024 figure below that median.

• Subramania Siva Salai (Ward -8): Rs 1,321 per sq.ft (2024)
• Sri Vignesh Nagar: Rs 660 per sq.ft (2024)
• Sundarar Street (Ward -6): Rs 1,321 per sq.ft (2024)
• Surendhrapuram Phase - I: Rs 660 per sq.ft (2024)
• Surendhrapuram Phase -II: Rs 660 per sq.ft (2024)
• Surendhrapuram Phase -IV: 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, bringing the total fees to 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 Ninna Karai

The guideline value serves as a benchmark for property transactions in Ninna Karai. When buying or selling property, it is essential to consider this value as it affects the stamp duty and registration fees that need to be paid during the transaction.

Additionally, the guideline value helps in determining the official value of the property for registration purposes, ensuring that the transaction is in compliance with local regulations.

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 back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Station Street?

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

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400.

Where is the Sub Registrar Office for Station Street located?

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