Guideline Value for Kattabomman 11th Street

Kattabomman 11th Street guideline value

The current guideline value of Kattabomman 11th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Kattabomman 11th Street has changed

The guideline value for Kattabomman 11th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase from Rs 2,500 per sq.ft in the 2023 revision. This marks an 8% increase from the previous year. The 2012 revision also recorded Rs 2,500 per sq.ft, indicating no change in value during that period.

It is important to note that the register has no figures for the years 2017, 2007, 2003, and 2002 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Kattabomman 11th Street's 2024 guideline value at the median.

• Kattabomman 10th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 12th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 1st Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 2nd Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 3rd Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 4th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattabomman 11th Street?

Kattabomman 11th Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

When a transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to assess the applicable fees. This ensures that the registration process is aligned with the current market conditions as reflected in the guideline values.

Frequently asked questions

What is the current guideline value of Kattabomman 11th Street?

The current guideline value of Kattabomman 11th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, marking an 8% increase. From 2012 to 2024, the overall increase is also 8%.

What are the guideline values for other streets in Kodungaiyur?

Other streets in Kodungaiyur under the Madhavaram SRO also have a guideline value of Rs 2,700 per sq.ft in 2024. These include Kattabomman 10th Street, Kattabomman 12th Street, Kattabomman 1st Street, Kattabomman 2nd Street, Kattabomman 3rd Street, and Kattabomman 4th Street.

What are the stamp duty and registration fees for properties in Kattabomman 11th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000. The stamp duty at 7% is Rs 1,89,000, and the registration fee at 2% is Rs 54,000, totaling Rs 2,43,000 for these fees.

Which Sub Registrar Office handles Kattabomman 11th Street?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, covers Kattabomman 11th Street.