Guideline Value for V.O.SITHAMPARANAR SALAI (WARD -8)

V.O.Sithamparanar Salai (Ward -8) guideline value

The current guideline value of V.O.Sithamparanar Salai (Ward -8) is Rs 1,760 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 - III.

How the guideline value of V.O.Sithamparanar Salai (Ward -8) has changed

The guideline value for V.O.Sithamparanar Salai has seen several revisions over the years. In 2012, the value was Rs 1,600 per sq.ft, which decreased to Rs 1,072 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 1,600 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 1,760 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no register figures for this street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with 2024 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 the current value of V.O.Sithamparanar Salai (Ward -8) above the median.

• V.O.C Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Yadavar Street (Ward -19): Rs 550 per sq.ft (2024)
• Vivekananda Nagar (Ward -18): Rs 1,100 per sq.ft (2024)
• Vishnupriya Avenue (Ward -2): Rs 1,650 per sq.ft (2024)
• Yerikkarai Street (Ward -3): Rs 990 per sq.ft (2024)
• Vip Enclave: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in V.O.Sithamparanar Salai (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total cost for these fees to Rs 1,58,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers V.O.Sithamparanar Salai (Ward -8)?

The Sub Registrar Office that covers V.O.Sithamparanar Salai (Ward -8) 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 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 the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that transactions are transparent and that the government can effectively monitor property transactions in the area.

Frequently asked questions

What is the current guideline value of V.O.Sithamparanar Salai (Ward -8)?

The current guideline value of V.O.Sithamparanar Salai (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,760 per sq.ft in 2024.

What is the land classification for V.O.Sithamparanar Salai?

The land classification for V.O.Sithamparanar Salai (Ward -8) is Residential Special Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for V.O.Sithamparanar Salai (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 higher of the guideline value or the sale price of the property. The current stamp duty rate is 7%, and the registration fee is 2% of the guideline value or sale price.