Guideline Value for Kattabomman 2nd Cross st

Kattabomman 2nd Cross st guideline value

The current guideline value of Kattabomman 2nd Cross st is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kattabomman 2nd Cross st has changed

The guideline value for Kattabomman 2nd Cross st has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in 2023, and finally rose to Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, from 2012 to 2024, the change is a 10% increase. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Kattabomman 2nd Cross st is below this median.

• Kattabomman 1st Cross st: Rs 880 per sq.ft (2024)
• Kattabomman 3rd Cross st: Rs 880 per sq.ft (2024)
• Kattabomman 4th Cross st: Rs 880 per sq.ft (2024)
• Kattabomman 5th Cross st: Rs 880 per sq.ft (2024)
• Kattabomman Street: Rs 1,320 per sq.ft (2024)
• Kasthuri Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman 2nd Cross st

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kattabomman 2nd Cross st?

The Kattabomman 2nd Cross st falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the taxes are calculated fairly. Buyers should be aware that the stamp duty is charged based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Kattabomman 2nd Cross st?

The current guideline value of Kattabomman 2nd Cross st is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers this area?

The Tambaram Joint 1 Sub Registrar Office covers Kattabomman 2nd Cross st, located at No.26, mes Road, East Tambaram, Chennai-600059.

What is the land classification for Kattabomman 2nd Cross st?

The land classification for Kattabomman 2nd Cross st is Residential Class II Type - II.