Guideline Value for Kattabomman Theru

Kattabomman Theru guideline value

The current guideline value of Kattabomman Theru is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village, under the Padappai Sub Registrar Office (SRO), classified as Residential Class III Type - I.

How the guideline value of Kattabomman Theru has changed

The guideline value for Kattabomman Theru has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,980 per sq.ft.

In terms of percentage changes, the value increased by 10% from 2023 to 2024. There was a significant increase of 49% from 2017 to 2023, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. The guideline value of Kattabomman Theru is below this median.

• Kavei Amman Koil Theru: Rs 1,650 per sq.ft (2024)
• Kasturi Bai Street: Rs 1,980 per sq.ft (2024)
• Kasthuri Street Extension: Rs 1,980 per sq.ft (2024)
• Kasthuri Nagar: Rs 3,960 per sq.ft (2024)
• Kaveri Theru: Rs 1,980 per sq.ft (2024)
• Karumariyamman Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total cost of Rs 1,78,200. 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 details.

Which Sub Registrar Office covers Kattabomman Theru?

The Kattabomman Theru street falls under the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Perungalathur. It determines the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall transaction costs. Buyers should be aware that the stamp duty is calculated on the higher of the guideline value or the sale price, which can influence the final amount they need to pay during registration.

Frequently asked questions

What is the current guideline value of Kattabomman Theru?

The current guideline value of Kattabomman Theru is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions: Rs 1,800 per sq.ft in 2012, Rs 1,206 per sq.ft in 2017, Rs 1,800 per sq.ft in 2023, and finally Rs 1,980 per sq.ft in 2024.

What is the land classification of Kattabomman Theru?

Kattabomman Theru is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Kattabomman Theru?

The stamp duty for properties in Kattabomman Theru is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% on the guideline value.