Guideline Value for THIRUVALLUVAR STREET (WARD -4)

Thiruvalluvar Street (Ward -4) guideline value

The current guideline value of Thiruvalluvar Street (Ward -4) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Thiruvalluvar Street (Ward -4) has changed

The guideline value for Thiruvalluvar Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft. By 2017, it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 figure to the current 2024 value, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

Kattankollatur has 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 village is Rs 1,100 per sq.ft, placing Thiruvalluvar Street's 2024 figure above that median.

• Thiruvarutpa Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Street (Ward -18): Rs 660 per sq.ft (2024)
• Thiruvasagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Thiru. V.K. Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiyagarajar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Street (Ward -4)?

The Chengleput Joint II Sub Registrar Office covers Thiruvalluvar Street (Ward -4). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process for property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately and in accordance with local regulations. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Street (Ward -4)?

The current guideline value of Thiruvalluvar Street (Ward -4) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Street (Ward -4)?

Thiruvalluvar Street (Ward -4) is classified as Residential Special Type - I.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.