Guideline Value

Corporate

Guideline Value for KATTUR ROAD

₹440/sq.ft.

The guideline value for Kattur Road in Minjur village (Ponneri SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Minjur

Village

Ponneri

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Kattur Road guideline value

The current guideline value of Kattur Road is Rs 440 per sq.ft, effective from 1 July 2024. This road is located in Minjur village under the Ponneri SRO and is classified as Residential Class III Type - I.

How the guideline value of Kattur Road has changed

The guideline value for Kattur Road has seen significant changes over the years. In the 2017 revision, the value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no registered figures for Kattur Road in the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value increased by 64%.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO with a guideline value for 2024 ranging from Rs 440 to Rs 1,320 per sq.ft. The median guideline value in this area is Rs 550 per sq.ft, placing Kattur Road's 2024 figure below the median.

Stamp duty and registration fee for property in Kattur Road

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kattur Road?

The Sub Registrar Office that covers Kattur Road is 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 Minjur

The guideline value is an essential factor during property registration in Minjur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is fairly documented.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. This value is critical for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Kattur Road?

The current guideline value of Kattur Road is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Minjur?

The median guideline value in Minjur is Rs 550 per sq.ft, with Kattur Road's value being below this median at Rs 440 per sq.ft.

What fees are associated with property transactions on Kattur Road?

The fees for property transactions on Kattur Road include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kattur Road?

The Ponneri Sub Registrar Office covers Kattur Road and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.