Guideline Value for Kattabomman Street

Kattabomman Street guideline value

The current guideline value of Kattabomman Street in Jampuli village, under the Madhavaram SRO, is Rs 3,000 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - II.

How the guideline value of Kattabomman Street has changed

The guideline value for Kattabomman Street has seen several revisions over the years. In 2012, the value was Rs 2,200 per sq.ft, which decreased to Rs 1,474 per sq.ft in 2017. However, this was followed by a significant increase to Rs 2,200 per sq.ft in 2023, and the current value is Rs 3,000 per sq.ft from the 2024 revision. The changes between these revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 36%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Jampuli

In Jampuli village, there are 118 streets under the Madhavaram SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 3,300 per sq.ft. The median value is Rs 2,450 per sq.ft, placing Kattabomman Street's 2024 figure above this median.

• K.K.R. Town 10th Street: Rs 2,700 per sq.ft (2024)
• K.K.R. Town 11th Street: Rs 2,700 per sq.ft (2024)
• K.K.R. Town 12th Street: Rs 2,700 per sq.ft (2024)
• K.K.R. Town 13th Street: Rs 2,700 per sq.ft (2024)
• K.K.R. Town 1st Main Road: Rs 2,700 per sq.ft (2024)
• K.K.R. Town 1st Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. 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 information.

Which Sub Registrar Office covers Kattabomman Street?

The Kattabomman Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Jampuli. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps in maintaining transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Kattabomman Street?

The current guideline value of Kattabomman Street is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 3,000 per sq.ft in 2024.

What are the other streets in Jampuli with their guideline values?

Other streets in Jampuli include K.K.R. Town 10th Street, 11th Street, 12th Street, 13th Street, 1st Main Road, and 1st Street, all of which have a guideline value of Rs 2,700 per sq.ft for 2024.

What are the stamp duty and registration fees for properties in Kattabomman Street?

For a property valued at Rs 30,00,000, the stamp duty would be Rs 2,10,000 and the registration fee would be Rs 60,000, totaling Rs 2,70,000.

Which office handles the registration for Kattabomman Street?

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