Guideline Value for Kathivakkam HighRoad

Kathivakkam HighRoad guideline value

The current guideline value of Kathivakkam HighRoad is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Kathivakkam village, under the Thiruvottiyur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Kathivakkam HighRoad has changed

The guideline value for Kathivakkam HighRoad has seen several revisions over the years. In 2002, the guideline value was Rs 141 per sq.ft, which increased to Rs 281 per sq.ft in 2003, marking a change of +99%. The value then rose significantly to Rs 600 per sq.ft in 2007, reflecting a +114% increase. By 2012, the value was Rs 1,500 per sq.ft, showing a substantial increase of +150% from the previous revision. However, it decreased to Rs 1,005 per sq.ft in 2017, a change of -33%. In 2023, the value increased to Rs 1,500 per sq.ft, and the latest revision in 2024 set it at Rs 1,600 per sq.ft, which is a +7% increase.

Overall, from 2002 to 2024, the guideline value has increased by +1035%. There are no figures available for the years not mentioned in this register for this street.

Guideline values in Kathivakkam

Kathivakkam village has a total of 47 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 1,000 to Rs 1,600 per sq.ft in 2024. The median value for these streets is Rs 1,001 per sq.ft, placing Kathivakkam HighRoad's 2024 value above this median.

• Kattukkuppam: Rs 1,001 per sq.ft (2024)
• Kamaraj Nagar All Street: Rs 1,100 per sq.ft (2024)
• Kamalammal Nagar: Rs 1,000 per sq.ft (2024)
• Indra Nagar: Rs 1,001 per sq.ft (2024)
• Harizan colony: Rs 1,000 per sq.ft (2024)
• Mugathuvara kuppam: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kathivakkam HighRoad

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making a total of Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kathivakkam HighRoad?

The Sub Registrar Office covering Kathivakkam HighRoad is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kathivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are essential components of the transaction. This ensures that both buyers and sellers are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Kathivakkam HighRoad?

The current guideline value of Kathivakkam HighRoad is Rs 1,600 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 141 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, marking an overall increase of +1035% over the years.

What is the land classification for Kathivakkam HighRoad?

Kathivakkam HighRoad is classified as Mixed Special Type - I, according to the local land classification regulations.

Where can I find the Sub Registrar Office for Kathivakkam?

The Sub Registrar Office for Kathivakkam is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Kathivakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at a rate of 7%.