Guideline Value for KATTUR ROAD

Kattur Road guideline value

The current guideline value of Kattur Road in Ariyanvoyal village, under the Ponneri Sub Registrar Office (SRO), is Rs 330 per sq.ft, effective from 1 July 2024. This road falls under the Residential Class II Type - I land classification.

How the guideline value of Kattur Road has changed

The guideline value for Kattur Road has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 300 per sq.ft. This figure changed in the 2017 revision, where it decreased to Rs 201 per sq.ft, marking a decline of 33%. However, the value saw a significant increase in the 2023 revision, reaching Rs 300 per sq.ft, followed by a further increase to Rs 330 per sq.ft in the 2024 revision, which is a rise of 10%.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Kattur Road. Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 10% in the guideline value.

Guideline values in Ariyanvoyal

Ariyanvoyal village has a total of 26 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 880 per sq.ft. The median value among these streets is Rs 330 per sq.ft, which is the same as the current guideline value for Kattur Road.

• K.R.K. Nagar: Rs 330 per sq.ft (2024)
• Kuppu Swami Reddy Kudiyeruru Road: Rs 330 per sq.ft (2024)
• Jegan Nagra: Rs 330 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 440 per sq.ft (2024)
• Janaki Rathina Nagar: Rs 330 per sq.ft (2024)
• Meenjur Adhisayam: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kattur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty, charged at 7%, would be Rs 23,100, while the registration fee at 2% would be Rs 6,600. Together, the total cost for stamp duty and registration fee would be Rs 29,700. 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 Kattur Road?

The Kattur Road is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ariyanvoyal. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps to establish a fair price for the transaction, providing a transparent framework for both buyers and sellers. This ensures that all parties are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value of Kattur Road?

The current guideline value of Kattur Road is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent increase from Rs 300 per sq.ft in 2023 to Rs 330 per sq.ft in 2024. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What are the stamp duty and registration fees for Kattur Road?

For a 1,000 sq.ft plot at the guideline value of Rs 330 per sq.ft, the total guideline value is Rs 3,30,000. The stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which Sub Registrar Office covers Kattur Road?

Kattur Road is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Kattur Road?

Kattur Road falls under the Residential Class II Type - I land classification, indicating its designated use for residential purposes.