Guideline Value for Kattabomman Street

Kattabomman Street guideline value

The current guideline value of Kattabomman Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, with a land classification of Residential Class II Type - II.

How the guideline value of Kattabomman Street has changed

The guideline value for Kattabomman Street has undergone revisions over the years. The earliest revision available is from 2012, which set the value at Rs 1,200 per sq.ft. The most recent revision in 2024 increased this to Rs 1,300 per sq.ft, marking an 8% increase from the 2012 figure.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. The only revisions that provide a guideline value are from 2012 and 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, placing Kattabomman Street's 2024 figure below the median.

• Kaspapuram Road: Rs 1,300 per sq.ft (2024)
• Karumari Amman Nagar-Sri Devi Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Karumari Amman Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Karumari Amman Nagar Link Road: Rs 1,300 per sq.ft (2024)
• Karumari Amman Nagar 2nd Street: Rs 1,300 per sq.ft (2024)
• Karumari Amman Nagar 1st Street: Rs 1,300 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 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kattabomman Street?

The Sub Registrar Office that covers Kattabomman Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Madambakkam, the guideline value is referenced to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process. Accurate knowledge of the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Kattabomman Street?

The current guideline value of Kattabomman Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kattabomman Street has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an 8% increase. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. Kattabomman Street's 2024 figure of Rs 1,300 per sq.ft is below this median.

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

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee Rs 26,000, totaling Rs 1,17,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Kattabomman Street located?

The Sub Registrar Office covering Kattabomman Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.