Guideline Value for Kattabomman 7th Street

Kattabomman 7th Street guideline value

The current guideline value of Kattabomman 7th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Kattabomman 7th Street has changed

The guideline value for Kattabomman 7th Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

It is important to note that there are no figures available for this street in the revisions of 2002, 2003, 2007, and 2017. 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 that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which aligns with the current guideline value of Kattabomman 7th Street.

• Kattabomman 6th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 7th Street Lane: Rs 2,200 per sq.ft (2024)
• Kattabomman 5th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 8th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 4th Street: Rs 2,700 per sq.ft (2024)
• Kattabomman 9th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman 7th 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, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for precise calculations based on your property details.

Which Sub Registrar Office covers Kattabomman 7th Street?

The Kattabomman 7th 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 plays a crucial role in property transactions in Kodungaiyur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the authorities will consider the guideline value to assess the applicable charges. Buyers and sellers should be aware of these values to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Kattabomman 7th Street?

The current guideline value of Kattabomman 7th 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 increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 8% over this period.

What is the stamp duty for a property in Kattabomman 7th Street?

The stamp duty for a property valued at Rs 27,00,000 is Rs 1,89,000, calculated at 7% of the guideline value.

Which office handles registrations for Kattabomman 7th Street?

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

What is the land classification for Kattabomman 7th Street?

Kattabomman 7th Street is classified as Residential Class I Type - I under the local land classification system.