Guideline Value for T.N.H.B (WARD -8)

T.N.H.B (Ward -8) guideline value

The current guideline value for T.N.H.B (Ward -8) in Kattankollatur village is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of T.N.H.B (Ward -8) has changed

The guideline value for T.N.H.B (Ward -8) has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, before rising again to Rs 1,320 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. The value then rose by 10% from 2023 to 2024. Overall, comparing 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 for 2024 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 T.N.H.B (Ward -8) above this median with its current value of Rs 1,320 per sq.ft.

• Town Centre M.M.Nagar (Ward -3): Rs 1,760 per sq.ft (2024)
• Travancore Residency: Rs 1,980 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -18): Rs 660 per sq.ft (2024)
• Thriuvalluvar Street (Village Colony) (Kr): Rs 440 per sq.ft (2024)
• Udaiyar Street Ninnakkarai (Ward -19): Rs 660 per sq.ft (2024)
• Udaiyar Street (Ward -18): Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in T.N.H.B (Ward -8)

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, while the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers T.N.H.B (Ward -8)?

The T.N.H.B (Ward -8) is covered by 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 plays a crucial role in property transactions within Kattankollatur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives appropriate revenue based on the property's assessed value.

When selling property, the guideline value helps establish a baseline for negotiations. Buyers and sellers can refer to the guideline value to agree on a fair price, ensuring that both parties are aware of the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value for T.N.H.B (Ward -8)?

The current guideline value for T.N.H.B (Ward -8) 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 back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for T.N.H.B (Ward -8)?

The land classification for T.N.H.B (Ward -8) is Residential Special Type - V.

Where can I find the Chengleput Joint II SRO?

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

How is the stamp duty calculated for property in T.N.H.B (Ward -8)?

The stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 92,400.