Guideline Value for KATTABOMMAN STREET

Kattabomman Street guideline value

The current guideline value of Kattabomman Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Kattabomman Street has changed

The guideline value for Kattabomman Street has undergone several revisions over the years. In 2002, the value was Rs 336 per sq.ft, which increased to Rs 369 per sq.ft in 2003. The value saw a significant jump to Rs 550 per sq.ft in 2007, followed by a dramatic rise to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before increasing to Rs 2,500 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 2,700 per sq.ft.

Between the revisions, there were notable changes. From 2002 to 2003, the increase was +10%. The value rose by +49% from 2003 to 2007, then surged by +355% from 2007 to 2012. The value dropped by -33% from 2012 to 2017. From 2017 to 2023, there was a significant increase of +49%. The most recent change from 2023 to 2024 was +8%. Overall, from 2002 to 2024, the guideline value has increased by +704%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current value of Kattabomman Street.

• Kathuribai Colony B Block 7th Street: Rs 2,700 per sq.ft (2024)
• Kathuribai Colony B Block 6th Street: Rs 2,700 per sq.ft (2024)
• Kathuribai Colony B Block 5th Street: Rs 2,700 per sq.ft (2024)
• Kasturibai Street: Rs 2,700 per sq.ft (2024)
• Kasturibai Gandhi Nagar: Rs 4,300 per sq.ft (2024)
• Kasturibai Colony All Streets: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Thus, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattabomman Street?

Kattabomman Street is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kattabomman Street?

The current guideline value of Kattabomman Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 336 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +704% over the years.

What is the land classification of Kattabomman Street?

Kattabomman Street is classified as Residential Class III Type - II.

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

The Purasaivakkam Sub Registrar Office covers Kattabomman Street and is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated for properties in Kattabomman Street?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000, leading to specific fees as outlined in the example provided.