Guideline Value for KATHAN STREET

Kathan Street guideline value

The current guideline value of Kathan Street in Chengalpattu Natham village is Rs 1,980 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Mixed Type - II land.

How the guideline value of Kathan Street has changed

The guideline value for Kathan Street has seen several revisions over the years. In 2012, the value was Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,206 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 1,800 per sq.ft in 2023, followed by a rise to Rs 1,980 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Kathan Street's 2024 figure below this median.

• Kavarai Street Ward- 2: Rs 1,980 per sq.ft (2024)
• Kavarai Street Ward-4: Rs 1,980 per sq.ft (2024)
• Kesavanar Street: Rs 1,980 per sq.ft (2024)
• Karimedu: Rs 1,100 per sq.ft (2024)
• Kolunthuyamman Kovil Street: Rs 3,850 per sq.ft (2024)
• Kancheepuram High Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kathan 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, while the registration fee at 2% would be Rs 39,600, bringing the total cost to Rs 1,78,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kathan Street?

The Sub Registrar Office that covers Kathan Street 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 Chengalpattu Natham

The guideline value is an essential factor in property transactions in Chengalpattu Natham. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and legally. It is crucial for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kathan Street?

The current guideline value of Kathan 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 to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the median guideline value in Chengalpattu Natham?

The median guideline value for streets in Chengalpattu Natham is Rs 2,200 per sq.ft, which is higher than the current value of Kathan Street.

What fees are associated with buying property in Kathan Street?

When buying property in Kathan Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kathan Street?

The Sub Registrar Office for Kathan Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.