Guideline Value for KATTUR NALLMUTHU ACHARY STREET

Kattur Nallmuthu Achary Street guideline value

The current guideline value of Kattur Nallmuthu Achary Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kattur Nallmuthu Achary Street has changed

The guideline value has undergone several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a 122% rise. However, the value saw a decrease to Rs 2,680 per sq.ft during the 2017 revision, a drop of 33% from the previous figure. The 2023 revision brought the value back up to Rs 4,000 per sq.ft, and the most recent 2024 revision has set it at Rs 4,400 per sq.ft, reflecting a 10% increase from 2023.

In summary, from 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a total increase of 144%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, placing Kattur Nallmuthu Achary Street's 2024 value below this median.

• Kelly Lane: Rs 6,500 per sq.ft (2024)
• Kelly's Lane: Rs 6,500 per sq.ft (2024)
• Kelly's Road: Rs 8,800 per sq.ft (2024)
• Kesava Naidu Street: Rs 4,400 per sq.ft (2024)
• Kilpauk Garden 1st Cross Street: Rs 13,400 per sq.ft (2024)
• Kilpauk Garden 2nd Cross Street: Rs 13,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kattur Nallmuthu Achary Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total costs together to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kattur Nallmuthu Achary Street?

Kattur Nallmuthu Achary Street is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kattur Nallmuthu Achary Street?

The current guideline value of Kattur Nallmuthu Achary Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 144% over the years.

What are the stamp duty and registration fees for properties on this street?

For a property measuring 1,000 sq.ft, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000 based on the current guideline value.

Which Sub Registrar Office handles Kattur Nallmuthu Achary Street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covers Kattur Nallmuthu Achary Street.

What is the land classification for Kattur Nallmuthu Achary Street?

The land classification for Kattur Nallmuthu Achary Street is Residential Class IV Type - I.