Guideline Value for KATTAPOMMAN SALAI (2ND CROSS ST) (WARD -8)

Kattapomman Salai (2nd Cross St) (Ward -8) guideline value

The current guideline value of Kattapomman Salai (2nd Cross St) (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village and falls under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Kattapomman Salai (2nd Cross St) (Ward -8) has changed

In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft. The value then increased significantly to Rs 1,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 1,320 per sq.ft in the 2024 revision.

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

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, making the 2024 figure for Kattapomman Salai (2nd Cross St) above that median.

• Kavimani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Karumariamman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Karumaan Kuttai (Ward -17): Rs 550 per sq.ft (2024)
• Karpaga Vinayagapuram (Sa): Rs 440 per sq.ft (2024)
• Kodikatha Kumaran 2nd Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Kodikatha Kumaran Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kattapomman Salai (2nd Cross St) (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattapomman Salai (2nd Cross St) (Ward -8)?

The Kattapomman Salai (2nd Cross St) (Ward -8) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Kattankollatur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction reflects the official value set by the government, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kattapomman Salai (2nd Cross St) (Ward -8)?

The current guideline value of Kattapomman Salai (2nd Cross St) (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Kattapomman Salai (2nd Cross St)?

Kattapomman Salai (2nd Cross St) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Kattankollatur?

Stamp duty for properties in Kattankollatur is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.