Guideline Value for Kattabomman 3rd Cross st

Kattabomman 3rd Cross st guideline value

The current guideline value of Kattabomman 3rd 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 3rd Cross st has changed

The guideline value for Kattabomman 3rd Cross st has seen several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 800 per sq.ft. The latest revision in 2024 set the value at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the figures from 2012 to 2024, there has been a modest increase of 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Kattabomman 3rd Cross st's 2024 figure below that median.

• Kattabomman 2nd Cross st: Rs 880 per sq.ft (2024)
• Kattabomman 4th Cross st: Rs 880 per sq.ft (2024)
• Kattabomman 1st 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 3rd Cross st

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. It is important to note that 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 3rd Cross st?

The Kattabomman 3rd Cross st is covered by 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 is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Peerklankaranai, this value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property transactions. Ensuring that the property is registered at the guideline value or higher is vital for compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kattabomman 3rd Cross st?

The current guideline value of Kattabomman 3rd 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 in this area?

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 office handles property registrations for Kattabomman 3rd Cross st?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Kattabomman 3rd Cross st, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification for Kattabomman 3rd Cross st?

The land classification for Kattabomman 3rd Cross st is Residential Class II Type - II.