Guideline Value for Katchaleeswarar Koil street

Katchaleeswarar Koil street guideline value

The current guideline value of Katchaleeswarar Koil 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, classified as Residential Class I Type - III.

How the guideline value of Katchaleeswarar Koil street has changed

The guideline value for Katchaleeswarar Koil street has seen several revisions over the years. Starting from Rs 1,446 per sq.ft in 2002, it increased to Rs 1,644 per sq.ft in 2003, marking a change of +14%. The value then rose to Rs 2,000 per sq.ft in 2007, which was a +22% increase. By 2012, the value reached Rs 4,500 per sq.ft, reflecting a significant increase of +125%. However, between 2012 and 2017, the value decreased to Rs 3,015 per sq.ft, showing a drop of -33%. The value then increased to Rs 4,500 per sq.ft in 2023, a rise of +49%, and finally, it reached Rs 4,900 per sq.ft in the 2024 revision, which is a +9% change.

There are no figures available for the revisions prior to 2002 or after 2024 in the register for this street.

Guideline values in Muthialpet

In Muthialpet village, there are 160 streets under the Chennai North Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing Katchaleeswarar Koil street's 2024 figure below that median.

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

Stamp duty and registration fee for property in Katchaleeswarar Koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000. Together, the total cost for these fees would be 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Katchaleeswarar Koil street?

The Katchaleeswarar Koil street is covered by the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105. You can find your SRO for more information.

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

The guideline value is a key factor in the registration process for property transactions. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property in Muthialpet, it is essential to understand that the guideline value will influence the overall cost of the transaction, including the applicable duties and fees. Buyers should be aware of the current guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Katchaleeswarar Koil street?

The current guideline value of Katchaleeswarar Koil 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 from Rs 1,446 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, showing an overall increase of +239% over the years.

What is the registration office for Katchaleeswarar Koil street?

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

How is the stamp duty calculated for properties in Katchaleeswarar Koil street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000.

What are the guideline values of other streets in Muthialpet?

Other streets in Muthialpet have varying guideline values, ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median guideline value in the area is Rs 5,500 per sq.ft.