Guideline Value for KATTUPAKKAM (WARD-21)

Kattupakkam (Ward-21) guideline value

The current guideline value of Kattupakkam (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under Konathi village and is governed by the Chengleput Joint II SRO. The land classification for this region is Residential Class II Type - I.

How the guideline value of Kattupakkam (Ward-21) has changed

Looking back at the revisions, the guideline value for Kattupakkam (Ward-21) was Rs 600 per sq.ft in 2023, which shows an increase of 10% to the current value of Rs 660 per sq.ft in 2024. Prior to that, in 2017, the value was Rs 402 per sq.ft, indicating a significant increase of 49% over the six-year period leading to 2023. The 2012 revision had the guideline value at Rs 600 per sq.ft, which was a decrease of 33% from the 2017 figure.

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 Konathi

In Konathi, there are 131 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value for Kattupakkam (Ward-21) is below this median.

• Karukkan Thoppu (Ward-21): Rs 660 per sq.ft (2024)
• K.K.Avenue: Rs 2,200 per sq.ft (2024)
• Konathi 1st Cross Street (Ward-21): Rs 660 per sq.ft (2024)
• Konathi 2nd Cross Street (Ward-21): Rs 660 per sq.ft (2024)
• Konathi Selliamman Koil Street (Ward-21): Rs 660 per sq.ft (2024)
• Kannammal Street Narasimman Nagar (Ward -21): Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kattupakkam (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to 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 Kattupakkam (Ward-21)?

Kattupakkam (Ward-21) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Konathi. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value helps in assessing the official value of the property, which is essential for legal documentation and taxation purposes. This ensures transparency in property transactions and helps in maintaining a standardized valuation across the region.

Frequently asked questions

What is the current guideline value of Kattupakkam (Ward-21)?

The current guideline value of Kattupakkam (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting a 10% increase. In 2017, the value was Rs 402 per sq.ft, which increased by 49% to the 2023 figure.

What is the land classification for Kattupakkam (Ward-21)?

The land classification for Kattupakkam (Ward-21) is Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles all registration processes for the area.

How is the stamp duty calculated for property in Kattupakkam (Ward-21)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200.