Guideline Value for Kachipattu Colony

Kachipattu Colony guideline value

The current guideline value of Kachipattu Colony is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Sriperumbudur A village under the Sriperumpudur SRO, classified as Residential Class III Type - I.

How the guideline value of Kachipattu Colony has changed

The guideline value for Kachipattu Colony has remained stable at Rs 700 per sq.ft from the 2023 revision to the 2024 revision, indicating no change. Prior to this, the 2017 revision set the value at Rs 469 per sq.ft, marking a significant increase of 49% by the 2023 revision.

There are no available figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for this area is Rs 700 per sq.ft, which is equal to the current value of Kachipattu Colony.

• Kaliyoor Rangasamy Nagar: Rs 700 per sq.ft (2024)
• Jemi Nagar II: Rs 700 per sq.ft (2024)
• Jemi Nagar I: Rs 700 per sq.ft (2024)
• Jayasri Nagar: Rs 1,000 per sq.ft (2024)
• Jaya Nagar: Rs 1,000 per sq.ft (2024)
• Jayabutha Vinayakar Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Kachipattu Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kachipattu Colony?

The Kachipattu Colony is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions, as it is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the registration office uses the guideline value to assess the applicable charges, which are essential for finalizing the transaction. It is advisable for buyers to be aware of the guideline value to avoid any unexpected costs during the registration of their property.

Frequently asked questions

What is the current guideline value of Kachipattu Colony?

The current guideline value of Kachipattu Colony is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 469 per sq.ft in 2017 to 2023. There are no figures available for the revisions in 2002, 2003, 2007, and 2012.

What is the land classification of Kachipattu Colony?

Kachipattu Colony is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kachipattu Colony?

The Sub Registrar Office covering Kachipattu Colony is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kachipattu Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total guideline value is Rs 7,00,000, leading to a stamp duty of Rs 49,000.