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 Panangottur 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. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 has further increased the value to Rs 660 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value of Station Street (Ward -18) at Rs 660 per sq.ft is below this median.

• 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)
• Thaiyumanavar Street (Ward -5): Rs 1,320 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 charges 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.

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

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, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the government receives the correct revenue from property transactions. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 for Station Street (Ward -18)?

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

What are the stamp duty and registration fees for property in Station Street (Ward -18)?

For a 1,000 sq.ft plot, the total guideline value is Rs 6,60,000, with stamp duty at Rs 46,200 and registration fees at Rs 13,200, totaling Rs 59,400.

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

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