Guideline Value for Kattabomman 4th Street

Kattabomman 4th Street guideline value

The current guideline value of Kattabomman 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kattabomman 4th Street has changed

The guideline value for Kattabomman 4th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2023 revision. In 2023, the value was again Rs 2,500 per sq.ft, but with the latest revision in 2024, it has increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

For the years 2002, 2003, 2007, and 2017, the register has no figure for Kattabomman 4th 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 the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, which is the same as the current value for Kattabomman 4th Street.

• Kattabomman 3rd 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 2nd Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 7th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 7th Street Lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost 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.

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

Which Sub Registrar Office covers Kattabomman 4th Street?

The Sub Registrar Office that covers Kattabomman 4th Street is 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 during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

Frequently asked questions

What is the current guideline value of Kattabomman 4th Street?

The current guideline value of Kattabomman 4th 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 changed from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 8% from 2012 to 2024.

What are the stamp duty and registration fees for properties in Kattabomman 4th Street?

For a property valued at 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 Sub Registrar Office is responsible for Kattabomman 4th Street?

The Madhavaram Sub Registrar Office is responsible for Kattabomman 4th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the significance of the guideline value when buying or selling property?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to know that the higher of the guideline value or sale price will be used for these calculations.