Guideline Value for KATTUPAKKAM (WARD-21)

Kattupakkam (Ward-21) guideline value

The current guideline value for Kattupakkam (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This area is part of Potheri village and falls under the Chengleput Joint II SRO, classified as Residential Class II Type - I.

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

Over the years, the guideline value for Kattupakkam (Ward-21) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. The 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision raised it further to Rs 660 per sq.ft, marking a 10% increase from the previous year. It is important to note that the register has no figures for this street in the years 2002, 2003, and 2007.

From 2012 to 2017, there was a significant decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, when looking at the period from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Potheri

Potheri village has 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median value for these streets is Rs 770 per sq.ft, placing Kattupakkam (Ward-21) below this median.

• Karukkan Thoppu (Ward-21): Rs 660 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)
• Kannagi Street (Ward-21): Rs 660 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 cost for these fees to Rs 59,400. 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 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 Potheri

The guideline value is a crucial aspect of property transactions in Potheri, as it determines the minimum price at which a property can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

During registration, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This process helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

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

The current guideline value for 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 several times, with the most recent increase from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, which is a 10% increase. The value has also seen a significant rise from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

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

Kattupakkam (Ward-21) is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

What are the registration fees for property in Kattupakkam (Ward-21)?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Kattupakkam (Ward-21)?

The Chengleput Joint II Sub Registrar Office handles property registrations in Kattupakkam (Ward-21), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.