Guideline Value for Kattabomman 6th Street

Kattabomman 6th Street guideline value

The current guideline value of Kattabomman 6th 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 it falls under the Residential Class I Type - I land classification.

How the guideline value of Kattabomman 6th Street has changed

The guideline value for Kattabomman 6th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, an increase of 8% from the 2023 revision, which was Rs 2,500 per sq.ft. Prior to that, the 2012 revision also listed the value at Rs 2,500 per sq.ft, indicating no change from 2012 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. This reflects the current valuation trends in the area, with the latest figures being aligned with the median guideline value for the village.

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 in this village is Rs 2,700 per sq.ft, which is the same as the current guideline value for Kattabomman 6th Street.

• Kattabomman 5th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 7th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 4th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 7th Street Lane: Rs 2,200 per sq.ft (2024)
• Kattabomman 3rd Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman 6th 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 fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kattabomman 6th Street?

Kattabomman 6th Street falls under 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 plays a crucial role during the registration of property transactions in Kodungaiyur. It is the minimum value set by the government for a property, and it is used to calculate the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer and seller agree on a sale price, the registration office will charge stamp duty based on the higher of the guideline value or the agreed sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kattabomman 6th Street?

The current guideline value of Kattabomman 6th 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 2023 to Rs 2,700 per sq.ft in 2024, representing an 8% increase. There was no change from 2012 to 2023, as the value remained at Rs 2,500 per sq.ft during that period.

What are the stamp duty and registration fees for Kattabomman 6th Street?

For a 1,000 sq.ft plot, the total guideline value is 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, totaling Rs 2,43,000.

Which Sub Registrar Office covers Kattabomman 6th Street?

Kattabomman 6th Street is covered by the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification of Kattabomman 6th Street?

The land classification for Kattabomman 6th Street is Residential Class I Type - I, which indicates its designation for residential use.