Guideline Value for Kattabomman 12th Street

Kattabomman 12th Street guideline value

The current guideline value of Kattabomman 12th 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 12th Street has changed

In the 2012 revision, the guideline value for Kattabomman 12th Street was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,500 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

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 guideline value in this village is Rs 2,700 per sq.ft, which is equal to the current guideline value of Kattabomman 12th Street.

• Kattabomman 11th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 1st Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 10th 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 12th 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, calculated at 7%, would be Rs 1,89,000, while 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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kattabomman 12th Street?

The Kattabomman 12th Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

When buying or selling property in Kodungaiyur, the guideline value is used to determine the stamp duty and registration fees. This value is crucial as it serves as a benchmark for these calculations, ensuring that all transactions are recorded accurately.

It is essential to be aware that the guideline value may differ from the actual sale price of the property. Therefore, the stamp duty is charged based on the higher of the two values, ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Kattabomman 12th Street?

The current guideline value of Kattabomman 12th 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 seen an increase from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8% over this period.

What are the stamp duty and registration fees for property in Kattabomman 12th Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 27,00,000. The stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Kattabomman 12th Street?

The Madhavaram Sub Registrar Office handles registrations for Kattabomman 12th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Kattabomman 12th Street?

Kattabomman 12th Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.