Guideline Value for Kattabomman Streetnorth

Kattabomman Streetnorth guideline value

The current guideline value of Kattabomman Streetnorth is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kattabomman Streetnorth has changed

The guideline value for Kattabomman Streetnorth has seen several revisions over the years. In 2007, the value was Rs 320 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 369%. However, it decreased to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, and most recently, it has increased to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 416%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Thiruvallur

In Thiruvallur, there are 172 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Kattabomman Streetnorth's 2024 figure above this median.

• Kattabomman Streetsouth: Rs 1,650 per sq.ft (2024)
• Kaviyarasu Street: Rs 1,100 per sq.ft (2024)
• KGP Nagar: Rs 1,320 per sq.ft (2024)
• K.K. Nagar: Rs 1,100 per sq.ft (2024)
• Kommu Street: Rs 1,100 per sq.ft (2024)
• Kondammapuram Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman Streetnorth

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattabomman Streetnorth?

The Sub Registrar Office that covers Kattabomman Streetnorth is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruvallur. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the government records.

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

Frequently asked questions

What is the current guideline value of Kattabomman Streetnorth?

The current guideline value of Kattabomman Streetnorth is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 416% over this period.

What is the stamp duty rate for properties in Kattabomman Streetnorth?

The stamp duty rate for properties in Kattabomman Streetnorth is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Kattabomman Streetnorth located?

The Sub Registrar Office for Kattabomman Streetnorth is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

What is the median guideline value in Thiruvallur?

The median guideline value in Thiruvallur is Rs 1,100 per sq.ft, with Kattabomman Streetnorth's current value being above this median.