Guideline Value for Chinna Pattu Street

Chinna Pattu Street guideline value

The current guideline value of Chinna Pattu Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village, which falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Chinna Pattu Street has changed

The guideline value for Chinna Pattu Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 1,800 per sq.ft. The latest revision in 2024 raised the value to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kattupakkam

Kattupakkam comprises 75 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value for the area is Rs 2,090 per sq.ft, indicating that Chinna Pattu Street's 2024 figure is below this median.

• Chippai Nagar: Rs 2,090 per sq.ft (2024)
• Chokkammal Nagar: Rs 2,090 per sq.ft (2024)
• Chendurpuram Main Road: Rs 3,960 per sq.ft (2024)
• Chandra Nagar: Rs 2,090 per sq.ft (2024)
• C.T.A. Nagar & Phase I: Rs 1,980 per sq.ft (2024)
• Bhaskar Avenue: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Chinna Pattu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. Please 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 more precise calculations.

Which Sub Registrar Office covers Chinna Pattu Street?

The Sub Registrar Office that covers Chinna Pattu Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Kattupakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers should be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Chinna Pattu Street?

The current guideline value of Chinna Pattu Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Chinna Pattu Street?

The land classification for Chinna Pattu Street is Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the registration office for Chinna Pattu Street?

The registration office for Chinna Pattu Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Kattupakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.