Guideline Value for THIRUVARUTPA STREET (WARD -8)

Thiruvarutpa Street (Ward -8) guideline value

The current guideline value of Thiruvarutpa Street (Ward -8) 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 Thiruvarutpa Street (Ward -8) has changed

The guideline value for Thiruvarutpa Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 1,200 per sq.ft. Prior to that, the 2017 revision listed the value at Rs 804 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. The 2012 revision also recorded a value of Rs 1,200 per sq.ft, indicating a decrease of 33% from the 2017 revision. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The fluctuations in the guideline values highlight the changes in the area over time, reflecting the evolving real estate landscape in Kattankollatur.

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 these streets is Rs 1,100 per sq.ft, placing Thiruvarutpa Street's 2024 value above this median.

• Thiruvasagar Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Street (Ward -4): Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Street (Ward -18): Rs 660 per sq.ft (2024)
• Thiru. V.K. Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Salai (Ward -6): Rs 2,200 per sq.ft (2024)
• Thiyagarajar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvarutpa 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 would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, these fees would total 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 our stamp duty and registration fee calculator for more accurate calculations.

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

The Sub Registrar Office that covers Thiruvarutpa Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankollatur. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is used to calculate the registration fees and stamp duty, ensuring that the correct amounts are paid based on the official valuation of the property. This process helps maintain transparency in property transactions.

Frequently asked questions

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

The current guideline value of Thiruvarutpa Street (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 2023 to Rs 1,320 per sq.ft in 2024, a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing a significant rise over the years.

What is the land classification for Thiruvarutpa Street?

The land classification for Thiruvarutpa Street (Ward -8) is Residential Special Type - V. This classification indicates the intended use of the land for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is the stamp duty calculated for properties in Kattankollatur?

Stamp duty is 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 at 7%.