Guideline Value for Kattabomman Street

Kattabomman Street guideline value

The current guideline value of Kattabomman Street in Agaramthen village is Rs 830 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Kattabomman Street has changed

The guideline value for Kattabomman Street has undergone several revisions over the years. The earliest registered figure is from 2012, where it was Rs 750 per sq.ft. In 2017, the value decreased to Rs 502 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly to Rs 750 per sq.ft, and then further increased to Rs 830 per sq.ft in 2024, reflecting an overall increase of 49% during that period.

The 2024 revision shows an increase of 11% from the previous year’s figure of Rs 750 per sq.ft in 2023. There are no registered figures for Kattabomman Street in the years 2002, 2003, and 2007.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets registered under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which is equal to the current value of Kattabomman Street.

• Kannanji 2nd Cross Street: Rs 830 per sq.ft (2024)
• Kannan Avenue: Rs 3,300 per sq.ft (2024)
• Krishna Street: Rs 830 per sq.ft (2024)
• Kambar Street: Rs 830 per sq.ft (2024)
• Kamaraj Street: Rs 830 per sq.ft (2024)
• Kamaraj Cross Street: Rs 830 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 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total cost for these fees to Rs 74,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kattabomman Street?

Kattabomman Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Agaramthen. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in compliance with local regulations.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers should be aware of the current guideline value to ensure they are accurately informed during the transaction process.

Frequently asked questions

What is the current guideline value of Kattabomman Street?

The current guideline value of Kattabomman Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 750 per sq.ft in 2012, dropped to Rs 502 per sq.ft in 2017, rose to Rs 750 per sq.ft in 2023, and increased again to Rs 830 per sq.ft in 2024.

What is the land classification of Kattabomman Street?

Kattabomman Street is classified as Residential Class I Type - II under the Tambaram Joint 1 SRO.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 8,30,000, the stamp duty would be Rs 58,100 and the registration fee would be Rs 16,600, totaling Rs 74,700.

Where can I find the Sub Registrar Office for Kattabomman Street?

The Tambaram Joint 1 Sub Registrar Office, which covers Kattabomman Street, is located at No.26, Mes Road, East Tambaram, Chennai-600059.