Guideline Value for Katchiapattu Middle Street

Katchiapattu Middle Street guideline value

The current guideline value of Katchiapattu Middle Street is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Katchiapattu Middle Street has changed

The guideline value for Katchiapattu Middle Street has remained consistent at Rs 700 per sq.ft since the 2023 revision. Prior to that, in the 2017 revision, the value was Rs 469 per sq.ft, indicating a 49% increase over this period. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, it has also risen by 49%. The 2024 revision marks the first time the value has reached Rs 700 per sq.ft since the 2023 revision.

Guideline values in Sriperumbudur A

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

• Katchipattu Colony Kamarajar Nagar: Rs 700 per sq.ft (2024)
• Kasthuri Nagar: Rs 1,200 per sq.ft (2024)
• Keezh Pushkarani Street: Rs 700 per sq.ft (2024)
• Karpaga Vinayagar Nagar: Rs 700 per sq.ft (2024)
• Kothanda Nagar: Rs 1,200 per sq.ft (2024)
• Kammala Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Katchiapattu Middle Street

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, totaling Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Katchiapattu Middle Street?

The Sub Registrar Office that covers Katchiapattu Middle Street is 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 is a crucial factor in property transactions in Sriperumbudur A, as it determines the minimum value at which a property can be registered. When a buyer or seller engages in a property transaction, the guideline value serves as a basis for calculating stamp duty and registration fees.

During the registration process, the actual sale price of the property is compared to the guideline value. The higher of the two values is used to calculate the applicable fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Katchiapattu Middle Street?

The current guideline value of Katchiapattu Middle Street 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 since the 2023 revision. It increased from Rs 469 per sq.ft in 2017, showing a 49% increase over that period.

What is the land classification for Katchiapattu Middle Street?

Katchiapattu Middle Street is classified as Residential Class III Type - I under the land classification system.

Where can I find the Sub Registrar Office for Katchiapattu Middle Street?

The Sub Registrar Office for Katchiapattu Middle Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Katchiapattu Middle Street?

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