Guideline Value for Katchaleeswarar Pagoda street

Katchaleeswarar Pagoda street guideline value

The current guideline value of Katchaleeswarar Pagoda 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 Pagoda street has changed

Since 2002, the guideline value for Katchaleeswarar Pagoda street has seen significant changes. In 2002, the value was Rs 1,396 per sq.ft, which increased to Rs 1,587 per sq.ft in 2003, marking a 14% rise. The value then rose to Rs 2,000 per sq.ft in 2007, reflecting a 26% increase. By 2012, the value reached Rs 4,500 per sq.ft, showing a 125% increase from the previous revision. However, it decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, followed by a further increase to Rs 4,900 per sq.ft in 2024, which is a 9% rise.

Overall, from 2002 to 2024, the guideline value has increased by 251%. There are no figures available for the years not listed in the register for this street.

Guideline values in Muthialpet

In Muthialpet, there are a total of 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 value for these streets is Rs 5,500 per sq.ft, placing Katchaleeswarar Pagoda street's value below the median.

• Katchaleeswarar Pagoda lane: Rs 4,900 per sq.ft (2024)
• Katchaleeswarar Koil street: Rs 4,900 per sq.ft (2024)
• Katchaleeswarar Garden street: Rs 4,900 per sq.ft (2024)
• Katchaleeswarar Agraharam 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 Pagoda 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 to Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Katchaleeswarar Pagoda street?

The Katchaleeswarar Pagoda street falls under the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplanade 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 crucial factor during property registration in Muthialpet. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring that transactions are documented accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Katchaleeswarar Pagoda street?

The current guideline value of Katchaleeswarar Pagoda 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 1,396 per sq.ft in 2002 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 251% over this period.

What is the registration office for Katchaleeswarar Pagoda street?

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

How is the stamp duty calculated for properties on this street?

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

What are the other streets in Muthialpet with similar guideline values?

Other streets in Muthialpet with a guideline value of Rs 4,900 per sq.ft include Katchaleeswarar Pagoda lane, Katchaleeswarar Koil street, Katchaleeswarar Garden street, and Katchaleeswarar Agraharam street.