Guideline Value for Kaththayiamman Magar

Kaththayiamman Magar guideline value

The current guideline value of Kaththayiamman Magar in Kolapakkam village is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the Pammal SRO and is classified as Residential Class III Type - I.

How the guideline value of Kaththayiamman Magar has changed

The guideline value for Kaththayiamman Magar has seen several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in 2023, marking a significant rise of 49%. The latest revision in 2024 further increased the value to Rs 1,980 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Kaththayiamman Magar's 2024 figure below that median.

• Kathiravan Nagar: Rs 2,750 per sq.ft (2024)
• Karumariamman Nagar: Rs 2,200 per sq.ft (2024)
• Kerugambakkam Main Road: Rs 2,750 per sq.ft (2024)
• Kolapakkam - Manapakkam Road Panchayath Road: Rs 2,750 per sq.ft (2024)
• Kolappakkam: Rs 2,750 per sq.ft (2024)
• Kamatchi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kaththayiamman Magar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to 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 Kaththayiamman Magar?

The Kaththayiamman Magar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is used to ensure that the transaction is registered at a value that reflects the official rates set by the government, which helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Kaththayiamman Magar?

The current guideline value of Kaththayiamman Magar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Kaththayiamman Magar?

For a property valued at Rs 19,80,000, the total stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, making a total of Rs 1,78,200.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Kaththayiamman Magar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kaththayiamman Magar?

Kaththayiamman Magar is classified as Residential Class III Type - I, indicating its suitability for residential development.