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 Vallancheri 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

The guideline value for Kattupakkam (Ward-21) has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was followed by a decrease to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 825 per sq.ft, and the guideline value for Kattupakkam (Ward-21) is 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 is 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, making the total charges 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 information, 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Vallancheri. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the government.

When buying or selling property, it is essential to consider the guideline value, as it can influence the overall costs involved in the transaction. Buyers should ensure they are aware of the current guideline value to make informed decisions during the registration process.

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 from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 10% increase. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012, showing significant fluctuations over the years.

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 development.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in Kattupakkam (Ward-21).

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

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