Guideline Value for Kattabomman Nagar

Kattabomman Nagar guideline value

The current guideline value of Kattabomman Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area falls under Vengadamangalam village and is classified as Residential Special Type - II. The relevant Sub Registrar Office for this locality is Gooduvancheri SRO.

How the guideline value of Kattabomman Nagar has changed

The guideline value for Kattabomman Nagar has experienced several revisions over the years. In the 2007 revision, the value was set at Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 400% increase. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a drop of 33% from the previous figure.

As of the latest 2023 revision, the guideline value stands at Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure. Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 400%.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Kattabomman Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Kattabomman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattabomman Nagar?

The Kattabomman Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Vengadamangalam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kattabomman Nagar?

The current guideline value of Kattabomman Nagar is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2023, with various revisions in between, including a drop to Rs 536 per sq.ft in 2017.

What is the classification of land in Kattabomman Nagar?

Kattabomman Nagar is classified as Residential Special Type - II, which influences the guideline value and property regulations in the area.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Kattabomman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 8,00,000, the stamp duty at 7% would be Rs 56,000.