Guideline Value for Kattabomman 3rd Street

Kattabomman 3rd Street guideline value

The current guideline value of Kattabomman 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Kattabomman 3rd Street has changed

In the 2012 revision, the guideline value for Kattabomman 3rd Street was Rs 2,500 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, there has been an 8% increase in the guideline value. 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 is Rs 2,700 per sq.ft, which is equal to the current guideline value of Kattabomman 3rd Street.

• Kattabomman 4th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 2nd Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 5th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 6th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 1st Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman 3rd 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 to Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kattabomman 3rd Street?

The Kattabomman 3rd Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kodungaiyur, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is important for buyers and sellers to be aware of the guideline value, as it can influence the financial aspects of a property transaction. Ensuring that the sale price is aligned with the guideline value can help avoid complications during the registration process.

Frequently asked questions

What is the current guideline value of Kattabomman 3rd Street?

The current guideline value of Kattabomman 3rd 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 of Kattabomman 3rd Street was Rs 2,500 per sq.ft in 2012 and remained unchanged until 2023. In 2024, it increased to Rs 2,700 per sq.ft, marking an overall increase of 8% from 2012 to 2024.

What are the other streets in Kodungaiyur with the same guideline value?

Other streets in Kodungaiyur under the Madhavaram SRO that share the same guideline value of Rs 2,700 per sq.ft include Kattabomman 1st Street, Kattabomman 2nd Street, Kattabomman 4th Street, Kattabomman 5th Street, Kattabomman 6th Street, and Kattabomman 7th Street.

What is the stamp duty rate for properties in Kattabomman 3rd Street?

The stamp duty rate for properties in Kattabomman 3rd Street is 7%. This rate applies to the higher of the guideline value or the sale price during registration.

Where can I find the Madhavaram Sub Registrar Office?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. It is the office responsible for the registration of properties in Kattabomman 3rd Street.