Guideline Value for THIRUVASAGAR STREET (WARD -8)

Thiruvasagar Street (Ward -8) guideline value

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

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft, marking a drop of 33%. The next revision in 2023 increased the value to Rs 1,200 per sq.ft, followed by the current 2024 revision that raised it to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 1,200 per sq.ft. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10% from Rs 1,200 to Rs 1,320 per sq.ft. The register has no figures for the years 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 village is Rs 1,100 per sq.ft, making Thiruvasagar Street's 2024 figure of Rs 1,320 per sq.ft above the median.

• Thiruvarutpa 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)
• Thiyagarajar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thiruvalluvar Salai (Ward -6): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvasagar 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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Thiruvasagar 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. 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 during property transactions in Kattankollatur. It is the minimum value set by the government for property registration, ensuring that the property is sold at a price that reflects its worth according to the local market conditions.

When a buyer or seller engages in a transaction, the guideline value is used to calculate the stamp duty and registration fees. This value is essential for both parties to understand, as it influences the overall cost of the transaction and ensures compliance with local regulations.

Frequently asked questions

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

The current guideline value of Thiruvasagar 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 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 Thiruvasagar Street (Ward -8)?

The land classification for Thiruvasagar Street (Ward -8) is Residential Special Type - V.

Where is the Sub Registrar Office for Thiruvasagar Street (Ward -8) located?

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

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, for a property valued at Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.