Guideline Value for Kathari Mohideen Thottam

Kathari Mohideen Thottam guideline value

The current guideline value of Kathari Mohideen Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Kathari Mohideen Thottam has changed

The guideline value for Kathari Mohideen Thottam has undergone several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The latest revision in 2024 has raised the value further to Rs 1,700 per sq.ft, marking a 13% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 69%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The significant changes between revisions include a 49% increase from 2017 to 2023 and a 13% increase from 2023 to 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Kathari Mohideen Thottam's current value below this median.

• Karunanidhi Street & Salai: Rs 3,300 per sq.ft (2024)
• Kanni Street (Grama Nedunchalai 34th Cross Street): Rs 2,200 per sq.ft (2024)
• Kanni Lane: Rs 1,700 per sq.ft (2024)
• Kothari Avenue: Rs 4,400 per sq.ft (2024)
• K.P.V.Nagar: Rs 1,700 per sq.ft (2024)
• Krishna Vrundavan Road: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kathari Mohideen Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kathari Mohideen Thottam?

The Sub Registrar Office that covers Kathari Mohideen Thottam is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is an essential factor during the registration process of property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value of the property, ensuring that the registration fees and stamp duties are calculated accurately based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is important to note that the registration office will charge fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Kathari Mohideen Thottam?

The current guideline value for Kathari Mohideen Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,700 per sq.ft in 2024, marking a total increase of 69% over this period.

What are the guideline values for other streets in Sholinganallur - 1?

Other streets in Sholinganallur - 1 have varying guideline values, with rates ranging from Rs 1,000 to Rs 8,800 per sq.ft, while the median is Rs 2,200 per sq.ft.

What is the stamp duty for property in Kathari Mohideen Thottam?

The stamp duty for property in Kathari Mohideen Thottam is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000.

Where can I find the Sub Registrar Office for Kathari Mohideen Thottam?

The Sub Registrar Office for Kathari Mohideen Thottam is located at Neelankarai Sub Registrar Office, 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.