Guideline Value for Kattabomman Street

Kattabomman Street guideline value

The current guideline value of Kattabomman Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Kattabomman Street has changed

In the 2017 revision, the guideline value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current 2024 revision shows a further increase to Rs 1,320 per sq.ft, reflecting a change of 10% from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The consistent increases over the years indicate a growing valuation of properties in this area, aligning with the current median guideline value in Pozhichalur.

Guideline values in Pozhichalur

Pozhichalur village has a total of 299 streets under the Pammal SRO, with guideline values ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value is Rs 1,320 per sq.ft, which is equal to the current guideline value of Kattabomman Street.

• Kavulbazaar Main Road: Rs 2,200 per sq.ft (2024)
• Kirubananda Variyar Street: Rs 1,100 per sq.ft (2024)
• Karpaga Vinayagar Koil Street: Rs 1,100 per sq.ft (2024)
• K.K. Sami Street: Rs 1,100 per sq.ft (2024)
• Karnan Nagar: Rs 1,320 per sq.ft (2024)
• Karaunadhi Nagar: Rs 1,320 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. Note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kattabomman Street?

Kattabomman Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 Pozhichalur

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It serves as the minimum value for which the property can be registered, ensuring that the transaction reflects a fair valuation according to government standards.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kattabomman Street?

The current guideline value of Kattabomman Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 804 per sq.ft to Rs 1,320 per sq.ft in 2024, reflecting a total increase of 64% over the seven years.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

Which office handles property registrations for Kattabomman Street?

The Pammal Sub Registrar Office handles property registrations for Kattabomman Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Kattabomman Street?

The land classification for Kattabomman Street is Residential Class I Type - II, indicating its suitability for residential development.