Guideline Value for KATCHERI STREET

Katcheri Street guideline value

The current guideline value of Katcheri Street in Tiruttani village, under the Thiruttani SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class IV Type - I land classification.

How the guideline value of Katcheri Street has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure increased significantly to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 saw another increase of 10%, bringing the guideline value to Rs 770 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The consistent upward trend reflects the changing valuation of Katcheri Street over the years.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO with a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft. The median guideline value for these streets is Rs 825 per sq.ft, placing Katcheri Street's 2024 figure below that median.

• KASTHURIBAI STREET ( T V Malai): Rs 825 per sq.ft (2024)
• Karunanidhi Nagar: Rs 825 per sq.ft (2024)
• K C Street: Rs 825 per sq.ft (2024)
• Kari Medu: Rs 770 per sq.ft (2024)
• Kaooapuriamman Nagar: Rs 825 per sq.ft (2024)
• Kannigapuram Main Road: Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Katcheri Street

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value is Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Katcheri Street?

The Katcheri Street is covered by the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Tiruttani. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a property transaction occurs, the guideline value is assessed to ensure that the appropriate fees are calculated based on the higher of the guideline value or the sale price. This ensures compliance with local regulations and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Katcheri Street?

The current guideline value of Katcheri Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and then to Rs 770 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Tiruttani?

Other streets in Tiruttani have varying guideline values, with rates ranging from Rs 548 to Rs 1,540 per sq.ft. The median value is Rs 825 per sq.ft, making Katcheri Street's value below this median.

What fees are associated with buying property in Katcheri Street?

When buying property on Katcheri Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 69,300.

Which office handles registrations for Katcheri Street?

The Thiruttani Sub Registrar Office handles registrations for Katcheri Street. It is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.