Guideline Value for Small Street

Small Street guideline value

The current guideline value of Small Street in Kanthoor village is Rs 150 per sq.ft, effective from the 2024 revision. This street falls under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Small Street has changed

Looking at the revision history, the guideline value for Small Street has remained consistent at Rs 150 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2012 revision, the value was also Rs 150 per sq.ft, while in 2017, it was Rs 100 per sq.ft, indicating a 50% increase from 2017 to 2023. The 2012 to 2017 period saw a decrease of 33% from Rs 150 to Rs 100 per sq.ft.

The guideline value register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 150 per sq.ft.

Guideline values in Kanthoor

In Kanthoor, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 700 per sq.ft, with a median value of Rs 181 per sq.ft. Small Street's 2024 guideline value is below this median.

• Sharma Nagar: Rs 250 per sq.ft (2024)
• School Street: Rs 181 per sq.ft (2024)
• Sri Sai Nagar: Rs 700 per sq.ft (2024)
• Road Street: Rs 200 per sq.ft (2024)
• ThideerKuppam: Rs 150 per sq.ft (2024)
• Periya Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Small Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Small Street?

The Sub Registrar Office that covers Small Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Kanthoor. It serves as a benchmark for calculating the stamp duty and registration fees, which are essential components of the overall cost of property transfer.

When buying or selling property, it is important to ensure that the sale price is not lower than the guideline value, as the duty is charged on the higher of the two. This ensures that all transactions are fairly assessed according to the established guidelines.

Frequently asked questions

What is the current guideline value of Small Street?

The current guideline value of Small Street is Rs 150 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft in the 2023 and 2024 revisions. It was Rs 100 per sq.ft in 2017 and Rs 150 per sq.ft in 2012.

What is the land classification for Small Street?

Small Street is classified as Residential Class III Type - I under the guideline value register.

What are the stamp duty and registration fees for a property in Small Street?

For a 1,000 sq.ft plot at the guideline value of Rs 150 per sq.ft, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which office handles the registration for Small Street?

The registration for Small Street is handled by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu.