Guideline Value for THIRUKKURAL STREET (WARD -8)

Thirukkural Street (Ward -8) guideline value

The current guideline value of Thirukkural Street (Ward -8) is Rs 1,320 per sq.ft. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and falls under the Residential Special Type - V land classification.

How the guideline value of Thirukkural Street (Ward -8) has changed

Over the years, the guideline value of Thirukkural Street has seen several revisions. In 2012, the guideline value was Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. This was a decrease of 33%. The value then increased significantly to Rs 1,200 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, 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 as per the 2024 revision. The median guideline value for the village is Rs 1,100 per sq.ft, positioning Thirukkural Street's 2024 guideline value above this median.

• Thirukoodarasappar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thirukkuralar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thirugnanasambanthar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thilagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thenral Nagar (Kr): Rs 660 per sq.ft (2024)
• Thirumanagaialwar Street (Ward -5): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirukkural Street (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, and the registration fee at 2% would be Rs 26,400, bringing the total fees together 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.

You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Thirukkural Street (Ward -8)?

The Sub Registrar Office that covers Thirukkural Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

When buying or selling property in Kattankollatur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and reflects the minimum value at which properties in the area are assessed for taxation purposes.

During the registration process, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thirukkural Street (Ward -8)?

The current guideline value of Thirukkural Street (Ward -8) is Rs 1,320 per sq.ft as per the 2024 revision.

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 finally to Rs 1,320 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in Thirukkural Street (Ward -8)?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty is Rs 92,400, and the registration fee is Rs 26,400, totaling Rs 1,18,800.

Which office handles property registrations for Thirukkural Street (Ward -8)?

The Chengleput Joint II Sub Registrar Office handles property registrations for Thirukkural Street (Ward -8). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Thirukkural Street (Ward -8)?

The land classification for Thirukkural Street (Ward -8) is Residential Special Type - V, indicating its designated use for residential purposes.