Guideline Value for THIRUPANALWAR STREET (WARD -18)

Thirupanalwar Street (Ward -18) guideline value

The current guideline value for Thirupanalwar Street (Ward -18) 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. The land classification for this area is Residential Special Type - V.

How the guideline value of Thirupanalwar Street (Ward -18) has changed

The guideline value for Thirupanalwar Street (Ward -18) has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 1,200 per sq.ft, and in the latest revision for 2024, it rose to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

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%, showcasing a significant change from the lowest figure recorded in 2017.

Guideline values in Kattankollatur

Kattankollatur village features 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 in this area is Rs 1,100 per sq.ft, positioning Thirupanalwar Street's 2024 figure above this median.

• Thirupavai Street (N): Rs 1,320 per sq.ft (2024)
• Thirunavukarasar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thirupozai Street: Rs 1,320 per sq.ft (2024)
• Thirumurugan Nagar (Per): Rs 660 per sq.ft (2024)
• Thiruthakka Devar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thirumoolar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupanalwar Street (Ward -18)

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 is charged at 7%, which totals Rs 92,400, while the registration fee at 2% comes to Rs 26,400. Together, the total costs for stamp duty and registration fee would be 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 use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Thirupanalwar Street (Ward -18)?

The Sub Registrar Office that covers Thirupanalwar Street (Ward -18) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

During the registration process, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the established guidelines.

Frequently asked questions

What is the current guideline value of Thirupanalwar Street (Ward -18)?

The current guideline value of Thirupanalwar Street (Ward -18) 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 Thirupanalwar Street?

The land classification for Thirupanalwar Street (Ward -18) is Residential Special Type - V, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total stamp duty and registration fee would amount to Rs 1,18,800.

Which office handles registrations for Thirupanalwar Street (Ward -18)?

The Chengleput Joint II Sub Registrar Office handles registrations for Thirupanalwar Street (Ward -18), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.