Guideline Value for Katchaleeswarar Agraharam street

Katchaleeswarar Agraharam street guideline value

The current guideline value for Katchaleeswarar Agraharam street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Muthialpet village and falls under the Chennai North Joint I SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Katchaleeswarar Agraharam street has changed

The guideline value for Katchaleeswarar Agraharam street has undergone several revisions over the years. The earliest recorded figure is from 2002, which was Rs 1,268 per sq.ft. This value increased to Rs 1,440 per sq.ft in 2003, marking a 14% rise. The following revisions saw significant changes, with the value reaching Rs 2,000 per sq.ft in 2007, a 39% increase from the previous year. By 2012, the value had risen to Rs 4,500 per sq.ft, reflecting a substantial 125% increase. However, this figure dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The guideline value then increased to Rs 4,500 per sq.ft in 2023, followed by the current figure of Rs 4,900 per sq.ft in 2024, which represents a 9% increase.

Overall, from 2002 to 2024, the guideline value for Katchaleeswarar Agraharam street has increased by 286%. It is important to note that there are no figures available for the revisions in years not mentioned in the register.

Guideline values in Muthialpet

Muthialpet village has a total of 160 streets under the Chennai North Joint I SRO, with 2024 guideline values ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median guideline value for the village is Rs 5,500 per sq.ft, placing Katchaleeswarar Agraharam street's current value below this median.

• Katchaleeswarar 3rd lane: Rs 3,800 per sq.ft (2024)
• Katchaleeswarar Garden street: Rs 4,900 per sq.ft (2024)
• Katchaleeswarar 2nd lane: Rs 3,800 per sq.ft (2024)
• Katchaleeswarar Koil street: Rs 4,900 per sq.ft (2024)
• Katchaleeswarar 1st lane: Rs 3,800 per sq.ft (2024)
• Katchaleeswarar Pagoda lane: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Katchaleeswarar Agraharam street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total fees together to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Katchaleeswarar Agraharam street?

The Sub Registrar Office that covers Katchaleeswarar Agraharam street is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105. For more information, you can find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Muthialpet. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is taken into account for calculating the associated duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Katchaleeswarar Agraharam street?

The current guideline value for Katchaleeswarar Agraharam street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,268 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, representing an overall increase of 286%.

What is the land classification for Katchaleeswarar Agraharam street?

The land classification for Katchaleeswarar Agraharam street is Residential Class I Type - III.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is compared to the sale price, and the higher value is used for these calculations.

Where can I find the Sub Registrar Office for Katchaleeswarar Agraharam street?

The Sub Registrar Office for Katchaleeswarar Agraharam street is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105.