Guideline Value for Kathuvan Kuttai (Valluvar Nagar)

Kathuvan Kuttai (Valluvar Nagar) guideline value

The current guideline value of Kathuvan Kuttai (Valluvar Nagar) is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Kathuvan Kuttai (Valluvar Nagar) has changed

The guideline value for Kathuvan Kuttai (Valluvar Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which was later reduced to Rs 2,345 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

In summary, from the 2017 revision to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,800 per sq.ft, which is equal to the current guideline value of Kathuvan Kuttai (Valluvar Nagar).

• Kattabomman Street: Rs 3,800 per sq.ft (2024)
• Kilakku Kolathur Main Road - II ( Muslim Burial Ground to Mogambigai Koil): Rs 5,500 per sq.ft (2024)
• Kilakku Kolathur Main Road - I (Railway Gate to Muslim Burial Ground): Rs 5,500 per sq.ft (2024)
• Kilakkumadaveethi: Rs 5,500 per sq.ft (2024)
• Kilakkumadaveethi Extension: Rs 5,500 per sq.ft (2024)
• Karnan Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kathuvan Kuttai (Valluvar Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees together to Rs 3,42,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kathuvan Kuttai (Valluvar Nagar)?

The Sub Registrar Office that covers Kathuvan Kuttai (Valluvar Nagar) is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is an important factor when registering a property in Konnur. It is used to determine the amount of stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction value. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Kathuvan Kuttai (Valluvar Nagar)?

The current guideline value of Kathuvan Kuttai (Valluvar Nagar) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the 2012 revision at Rs 3,500 per sq.ft, followed by a decrease to Rs 2,345 per sq.ft in 2017. It then increased to Rs 3,500 per sq.ft in 2023 and finally to Rs 3,800 per sq.ft in 2024.

What is the land classification of Kathuvan Kuttai (Valluvar Nagar)?

Kathuvan Kuttai (Valluvar Nagar) is classified as Residential Class II Type - I. This classification is important for determining the permissible uses of the land.

Where can I find the Sub Registrar Office for Kathuvan Kuttai (Valluvar Nagar)?

The Sub Registrar Office for Kathuvan Kuttai (Valluvar Nagar) is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Konnur?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 38,00,000, the stamp duty would be calculated at 7% of this amount.