Guideline Value for VETHANAYAGAM STREET(WARD -8)

Vethanayagam Street(Ward -8) guideline value

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

The guideline value for Vethanayagam Street(Ward -8) has undergone several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 1,600 per sq.ft. This was followed by a decrease in 2017 to Rs 1,072 per sq.ft, marking a decline of 33%. In 2023, the value increased to Rs 1,600 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The register does not provide 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, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing Vethanayagam Street's 2024 figure above this median.

• Vetri Nagar: Rs 990 per sq.ft (2024)
• Venkateswaran Nagar (Per): Rs 660 per sq.ft (2024)
• Vgn Homes Pvt Ltd: Rs 1,980 per sq.ft (2024)
• V.G.N. Southeran Meadows Phase - III: Rs 2,463 per sq.ft (2024)
• Vgn Southern Colony (Kr): Rs 1,980 per sq.ft (2024)
• Vgn Southern County Phase - I: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Vethanayagam Street(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, leading to a total of Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Vethanayagam Street(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 details.

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

The guideline value plays a crucial role during property registration in Kattankollatur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, making it essential for both buyers and sellers to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value for Vethanayagam Street(Ward -8)?

The current guideline value for Vethanayagam Street(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 seen several changes: it was Rs 1,600 in 2012, decreased to Rs 1,072 in 2017, rose back to Rs 1,600 in 2023, and finally increased to Rs 1,760 in 2024.

What is the land classification for Vethanayagam Street(Ward -8)?

The land classification for Vethanayagam Street(Ward -8) is Residential Special Type - III.

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

For a property measuring 1,000 sq.ft, the total guideline value is Rs 17,60,000. The stamp duty is Rs 1,23,200, and the registration fee is Rs 35,200, leading to a total of Rs 1,58,400.

Which office handles registrations for Vethanayagam Street(Ward -8)?

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