Guideline Value for VALAMANA MUNIVAR STREET (KR)

Valamana Munivar Street (Kr) guideline value

The current guideline value of Valamana Munivar Street (Kr) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Valamana Munivar Street (Kr) has changed

The guideline value for Valamana Munivar Street (Kr) has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, representing a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. 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 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Valamana Munivar Street (Kr) below the median.

• Valayapathi Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Vallal Adhiyaman Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Vallalar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Vallal Began Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Vallal Kaari Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Vallal Kumanan Street (Ward -6): Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Valamana Munivar Street (Kr)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total cost to Rs 59,400. It is important to note that the 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 information.

Which Sub Registrar Office covers Valamana Munivar Street (Kr)?

The Sub Registrar Office covering Valamana Munivar Street (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 further assistance.

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

The guideline value plays a crucial role in property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives appropriate revenue from property transactions based on the established guideline value.

When selling property, the guideline value serves as a benchmark for both buyers and sellers. It provides a reference point for negotiations and helps ensure that the transaction is in line with the prevailing market conditions as reflected in the guideline value register.

Frequently asked questions

What is the current guideline value of Valamana Munivar Street (Kr)?

The current guideline value of Valamana Munivar Street (Kr) is Rs 660 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, showing an overall increase of 10% from 2012 to 2024.

What is the land classification for Valamana Munivar Street (Kr)?

Valamana Munivar Street (Kr) is classified as Residential Class I Type - III.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft, with Valamana Munivar Street (Kr) being below this median.

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, Chengalpattu registration zone.