Guideline Value for KATTAPOMMAN ST

Kattapomman St guideline value

The current guideline value of Kattapomman St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from the 2024 revision. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Kattapomman St has changed

The guideline value for Kattapomman St has seen several revisions over the years. In 2012, the value was Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in 2017. Following this, the guideline value increased significantly to Rs 850 per sq.ft in 2023, and then further rose to Rs 935 per sq.ft in 2024, marking a 10% increase from the previous year.

Between 2017 and 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%. The register has no figures for Kattapomman St in the years 2002, 2003, and 2007.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the current guideline value of Kattapomman St.

• Kavarapalayam Main Road & St: Rs 1,310 per sq.ft (2024)
• Kavarapalayam Streets: Rs 1,310 per sq.ft (2024)
• Kasthuribai Nagar 1,2nd Cross St: Rs 1,310 per sq.ft (2024)
• Karunanithi 2nd Street: Rs 935 per sq.ft (2024)
• Karunanithi 1st Street: Rs 935 per sq.ft (2024)
• Karunanidhi Street: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Kattapomman St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value would be Rs 9,35,000. The stamp duty would be calculated at 7%, amounting to Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total cost for these fees to Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kattapomman St?

Kattapomman St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kattapomman St?

The current guideline value of Kattapomman St is Rs 935 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Kattapomman St?

Kattapomman St is classified as Residential Class II Type - II, indicating its use for residential purposes.

Where is the Avadi Sub Registrar Office located?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Kattapomman St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 9,35,000, the stamp duty would amount to Rs 65,450.