Guideline Value for VEERAN ALAGUMUTHU CONE (WARD -8)

Veeran Alagumuthu Cone (Ward -8) guideline value

The current guideline value for Veeran Alagumuthu Cone (Ward -8) is Rs 1,760 per sq.ft, effective from 1 July 2024. This property is located in Kattankollatur village under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Veeran Alagumuthu Cone (Ward -8) has changed

The guideline value for Veeran Alagumuthu Cone has seen several revisions over the years. In 2012, the value was Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,600 per sq.ft in 2023, and finally, it rose to Rs 1,760 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

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 the 2024 figure for Veeran Alagumuthu Cone above this median.

• Veeramamunivar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Veerakavirayar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Vellivithaiar Street (Ward -6): Rs 1,980 per sq.ft (2024)
• Vel 's Doctrs Metro Polis: Rs 1,980 per sq.ft (2024)
• Vasukiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Vasantham Nagar (Kr): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Veeran Alagumuthu Cone (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 would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of 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 detailed calculations.

Which Sub Registrar Office covers Veeran Alagumuthu Cone (Ward -8)?

The Sub Registrar Office that covers Veeran Alagumuthu Cone (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 is a crucial factor in property transactions in Kattankollatur. When buying or selling a property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Veeran Alagumuthu Cone (Ward -8)?

The current guideline value for Veeran Alagumuthu Cone (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 Veeran Alagumuthu Cone?

Veeran Alagumuthu Cone is classified as Residential Special Type - III under the Chengleput Joint II SRO.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Veeran Alagumuthu Cone is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Veeran Alagumuthu Cone located?

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