Guideline Value for KATTABOMMAN STREET

Kattabomman Street guideline value

The current guideline value of Kattabomman Street in Zaminpallavaram village is Rs 3,850 per sq.ft, effective from 1 July 2024. This street falls under the Pallavaram SRO and is classified as Mixed Type - I land.

How the guideline value of Kattabomman Street has changed

The guideline value for Kattabomman Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft. This increased to Rs 3,750 per sq.ft in the 2023 revision, marking a 7% rise. The current 2024 revision reflects a further increase of 3%, bringing the guideline value to Rs 3,850 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, and Kattabomman Street's 2024 figure is above that median.

• Katvindhan Street: Rs 2,750 per sq.ft (2024)
• Kasthuribai Street: Rs 3,300 per sq.ft (2024)
• Karunanithi Street: Rs 3,300 per sq.ft (2024)
• Kennadi Street: Rs 3,520 per sq.ft (2024)
• Kennedy Street (Naidu Shop Street): Rs 3,520 per sq.ft (2024)
• Karikalan Street: Rs 3,300 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 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost Rs 3,46,500. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattabomman Street?

Kattabomman Street is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions in Zaminpallavaram as it determines the stamp duty and registration fees applicable. When buying or selling property, the guideline value serves as a reference point for calculating these costs, ensuring that both parties are aware of the financial implications.

It is essential for buyers and sellers to be familiar with the guideline value to avoid any discrepancies during the registration process. This value is derived from the official register maintained by the Registration Department, which reflects the current market conditions for properties in the area.

Frequently asked questions

What is the current guideline value of Kattabomman Street?

The current guideline value of Kattabomman Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 3,750 per sq.ft in 2023, and now to Rs 3,850 per sq.ft in 2024. This represents a 10% increase from 2012 to 2024.

What is the land classification for Kattabomman Street?

Kattabomman Street is classified as Mixed Type - I land according to the guidelines set by the Pallavaram SRO.

What other streets are in Zaminpallavaram?

Other streets in Zaminpallavaram include Katvindhan Street, Kasthuribai Street, Karunanithi Street, Kennadi Street, Kennedy Street (Naidu Shop Street), and Karikalan Street, each with their respective guideline values.

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

The Pallavaram Sub Registrar Office, which covers Kattabomman Street, is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.