Guideline Value for Kathivakkam High Road

Kathivakkam High Road guideline value

The current guideline value of Kathivakkam High Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class I Type - I.

How the guideline value of Kathivakkam High Road has changed

The guideline value for Kathivakkam High Road has seen significant changes over the years. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 122%. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a drop of 33%. Following that, the value rose sharply to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 144%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, making the 2024 value of Kathivakkam High Road above that median.

• Kavadi Thottam: Rs 1,300 per sq.ft (2024)
• Kasthuribai Street: Rs 1,300 per sq.ft (2024)
• Karumariamman Nagar: Rs 1,300 per sq.ft (2024)
• Kesavan street: Rs 2,200 per sq.ft (2024)
• Karimedu Colony Street: Rs 1,300 per sq.ft (2024)
• Kannu Thottam: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kathivakkam High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kathivakkam High Road?

The Sub Registrar Office that covers Kathivakkam High Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration process for property transactions in Tondaiarpet. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to understand that the guideline value may differ from the actual sale price. The stamp duty is charged on whichever amount is higher, providing a clear framework for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Kathivakkam High Road?

The current guideline value of Kathivakkam High Road is Rs 2,200 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 900 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 144% over this period.

What is the median guideline value in Tondaiarpet?

The median guideline value in Tondaiarpet is Rs 1,600 per sq.ft, with Kathivakkam High Road's 2024 value being above this median.

What are the stamp duty rates for properties in Kathivakkam High Road?

The stamp duty for properties in Kathivakkam High Road is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kathivakkam High Road located?

The Sub Registrar Office for Kathivakkam High Road is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.