Guideline Value for Kattabomman Street, Dr.Ambedhar Nagar

Kattabomman Street, Dr.Ambedhar Nagar guideline value

The current guideline value of Kattabomman Street, Dr.Ambedhar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kattabomman Street, Dr.Ambedhar Nagar has changed

The guideline value for Kattabomman Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, which was a significant increase from previous years where the register has no figure for 2002, 2003, 2007, and 2012. In 2023, the value increased to Rs 1,800 per sq.ft, marking a 49% rise from the 2017 figure.

The most recent revision in 2024 has further increased the guideline value to Rs 1,980 per sq.ft, which is a 10% increase from the 2023 revision. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Kattabomman Street's 2024 figure below this median.

• Kattabooman Street (Mungil Lake): Rs 1,980 per sq.ft (2024)
• Kattabooman Street / Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Kattabooman Street (V.O.C. Nagar): Rs 2,750 per sq.ft (2024)
• Kasturibai Street / VOC Nagar: Rs 2,750 per sq.ft (2024)
• Kasturibai Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Kaveri Street / Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman Street, Dr.Ambedhar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Kattabomman Street, Dr.Ambedhar Nagar?

The Sub Registrar Office that covers Kattabomman Street, Dr.Ambedhar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

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

Frequently asked questions

What is the current guideline value of Kattabomman Street, Dr.Ambedhar Nagar?

The current guideline value of Kattabomman Street, Dr.Ambedhar Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification for Kattabomman Street?

Kattabomman Street is classified as Residential Class II Type - II, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. This office handles registrations for properties in Kattabomman Street and surrounding areas.

How is the stamp duty calculated for properties in Kattabomman Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,38,600.