Guideline Value for THRIUVALLUVAR STREET (VILLAGE COLONY) (KR)

Thriuvalluvar Street (Village Colony) (Kr) guideline value

The current guideline value of Thriuvalluvar Street (Village Colony) (Kr) is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thriuvalluvar Street (Village Colony) (Kr) has changed

The guideline value for Thriuvalluvar Street (Village Colony) (Kr) has seen several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 400 per sq.ft. This was followed by a decrease to Rs 268 per sq.ft in 2017. In 2023, the value increased to Rs 400 per sq.ft, and in the latest revision for 2024, it rose to Rs 440 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,612 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Thriuvalluvar Street (Village Colony) (Kr) is below this median.

• Thondaiman Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Tholkoppiyar Street (N): Rs 1,320 per sq.ft (2024)
• Thulukkanathamman Koil Street (Ward -18): Rs 660 per sq.ft (2024)
• Thiyagarajar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Thiru. V.K. Street (Ward -8): Rs 1,320 per sq.ft (2024)
• T.N.H.B (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Thriuvalluvar Street (Village Colony) (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty, charged at 7%, would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the 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 precise calculations based on your property details.

Which Sub Registrar Office covers Thriuvalluvar Street (Village Colony) (Kr)?

The Sub Registrar Office that covers Thriuvalluvar Street (Village Colony) (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 is a crucial factor during the registration of property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value as per government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the property transaction process. This ensures that all parties involved are aware of the financial obligations associated with the sale.

Frequently asked questions

What is the current guideline value of Thriuvalluvar Street (Village Colony) (Kr)?

The current guideline value of Thriuvalluvar Street (Village Colony) (Kr) is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers this area?

The Chengleput Joint II Sub Registrar Office covers Thriuvalluvar Street (Village Colony) (Kr), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Thriuvalluvar Street (Village Colony) (Kr)?

The land classification for Thriuvalluvar Street (Village Colony) (Kr) is Residential Class II Type - II.