Guideline Value for THIRUPAVAI STREET (N)

Thirupavai Street (N) guideline value

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

How the guideline value of Thirupavai Street (N) has changed

Over the years, the guideline value of Thirupavai Street (N) has undergone several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. However, the value saw a significant increase in the following revisions, with the 2023 revision bringing it back up to Rs 1,200 per sq.ft, and the latest revision in 2024 raising it further to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Looking at the changes, from 2017 to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the current 2024 value shows a 10% increase. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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 in this area is Rs 1,100 per sq.ft, positioning Thirupavai Street (N) above the median at Rs 1,320 per sq.ft.

• Thirupozai Street: Rs 1,320 per sq.ft (2024)
• Thirupanalwar Street (Ward -18): Rs 1,320 per sq.ft (2024)
• Thiruthakka Devar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thirunavukarasar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thirumurugan Nagar (Per): Rs 660 per sq.ft (2024)
• Thirumoolar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thirupavai Street (N)

For a 1,000 sq.ft plot on Thirupavai Street (N) at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirupavai Street (N)?

The Sub Registrar Office that covers Thirupavai Street (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. 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 the registration process when buying or selling property in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When you proceed with a property transaction, the guideline value will be assessed to calculate the stamp duty and registration fees. This ensures transparency and compliance with local regulations, protecting both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Thirupavai Street (N)?

The current guideline value of Thirupavai Street (N) 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 of Thirupavai Street (N)?

Thirupavai Street (N) is classified as Residential Special Type - V.

Where can I find the Sub Registrar Office for Thirupavai Street (N)?

The Sub Registrar Office for Thirupavai Street (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated for properties in Kattankollatur?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,20,000 would incur a stamp duty of Rs 92,400 and a registration fee of Rs 26,400.