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 is part of Thailavaram village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class II Type - I.

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

In the 2012 revision, the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in the 2017 revision, marking a drop of 33%. The value then increased significantly to Rs 600 per sq.ft in the 2023 revision, and further rose to Rs 660 per sq.ft in the 2024 revision, representing a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value saw a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%, reflecting the changes in the market over the years.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 770 per sq.ft, indicating that Kattupakkam (Ward-21) is below that 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 881 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 would be 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kattupakkam (Ward-21)?

The Sub Registrar Office that covers Kattupakkam (Ward-21) is 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Thailavaram. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when completing a sale.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, reflecting the current market conditions. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

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 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

The land classification for Kattupakkam (Ward-21) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kattupakkam (Ward-21)?

The Sub Registrar Office for Kattupakkam (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated in Kattupakkam (Ward-21)?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 59,400.