Guideline Value

Corporate

Guideline Value for Kattabomman 5th Cross st

₹880/sq.ft.

The guideline value for Kattabomman 5th Cross St in Peerklankaranai village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Peerklankaranai

Village

Tambaram Joint 1

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Kattabomman 5th Cross St

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Kattabomman 5th Cross st guideline value

The current guideline value of Kattabomman 5th Cross st is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - II.

How the guideline value of Kattabomman 5th Cross st has changed

The guideline value for Kattabomman 5th Cross st has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and currently stands at Rs 880 per sq.ft as per the 2024 revision.

Between the revisions, the changes are notable. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% rise in the guideline value.

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. The median value in this area is Rs 1,650 per sq.ft, placing Kattabomman 5th Cross st below this median.

Stamp duty and registration fee for property in Kattabomman 5th Cross st

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

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kattabomman 5th Cross st?

The Kattabomman 5th 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property transaction occurs, the guideline value is referenced to assess the applicable duties. If the sale price exceeds the guideline value, the duties will be calculated based on the higher amount, ensuring that the registration process adheres to the established regulations.

Frequently asked questions

What is the current guideline value of Kattabomman 5th Cross st?

The current guideline value of Kattabomman 5th 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 is currently Rs 880 per sq.ft in 2024.

What is the land classification for Kattabomman 5th Cross st?

Kattabomman 5th Cross st is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for Kattabomman 5th Cross st?

The Sub Registrar Office covering Kattabomman 5th Cross st is the Tambaram Joint 1 SRO, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Kattabomman 5th Cross st?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 8,80,000 would incur a stamp duty of Rs 61,600 at 7%.