Guideline Value for SUNDARAR STREET (WARD -6)

Sundarar Street (Ward -6) guideline value

The current guideline value of Sundarar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Sundarar Street (Ward -6) has changed

The guideline value for Sundarar Street (Ward -6) has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. The value increased significantly to Rs 1,200 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,320 per sq.ft. The register has no figure for this street in 2002, 2003, and 2007.

From the 2017 to 2023 revision, there was a notable increase of 49%. The change from 2023 to 2024 represents a 10% increase. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village 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 for the village is Rs 1,100 per sq.ft, placing Sundarar Street's 2024 figure above that median.

• Surendrapuram (N): Rs 660 per sq.ft (2024)
• Swamy Nagar (Kr): Rs 660 per sq.ft (2024)
• Subramania Siva Salai (Ward -8): Rs 1,320 per sq.ft (2024)
• Thaiyumanavar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thalamuthu Natarajan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Station Street (Ward -18): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarar Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundarar Street (Ward -6)?

The Sub Registrar Office that covers Sundarar Street (Ward -6) 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 information.

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

The guideline value is a crucial factor during property registration in Kattankollatur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the fair value of the property, ensuring transparency in transactions within the real estate market.

Frequently asked questions

What is the current guideline value of Sundarar Street (Ward -6)?

The current guideline value of Sundarar Street (Ward -6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and is now Rs 1,320 per sq.ft in 2024.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft, with Sundarar Street's current value being above this median.

What are the stamp duty rates for properties in Sundarar Street (Ward -6)?

The stamp duty for properties in Sundarar Street (Ward -6) is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sundarar Street (Ward -6) located?

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