Guideline Value for Kathamba Nagar

Kathamba Nagar guideline value

The current guideline value of Kathamba Nagar is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Sholavaram village and falls under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Kathamba Nagar has changed

The guideline value for Kathamba Nagar has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 600 per sq.ft in 2012. However, it then decreased to Rs 402 per sq.ft in 2017. Following this, there was a significant rise to Rs 600 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 660 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the increase was 49%, and from 2023 to 2024, there was a 10% rise. Overall, from 2007 to 2024, the guideline value has increased by 120%.

Guideline values in Sholavaram

In Sholavaram, there are 98 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 515 to Rs 3,500 per sq.ft. The median guideline value is Rs 660 per sq.ft, which is equal to the current value of Kathamba Nagar.

• Katheja Nagar: Rs 550 per sq.ft (2024)
• Kavaraikula Street: Rs 550 per sq.ft (2024)
• Karunanidhi Street: Rs 550 per sq.ft (2024)
• Kennedy Street: Rs 550 per sq.ft (2024)
• KFT City: Rs 770 per sq.ft (2024)
• Kamaraj Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kathamba Nagar

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kathamba Nagar?

The Sub Registrar Office that covers Kathamba Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Sholavaram. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for both the buyer and seller. It helps in maintaining transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for Kathamba Nagar?

The current guideline value for Kathamba Nagar is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kathamba Nagar has changed from Rs 300 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, marking an overall increase of 120%.

What are the stamp duty and registration fees in Kathamba Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 59,400 based on the current guideline value.

Which office handles property registrations in Kathamba Nagar?

The Redhills Sub Registrar Office handles property registrations in Kathamba Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value in Sholavaram?

The median guideline value in Sholavaram is Rs 660 per sq.ft, which is the same as the current guideline value for Kathamba Nagar.