Guideline Value for Kattabomman street

Kattabomman street guideline value

The current guideline value of Kattabomman street in Maathoor village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Kattabomman street has changed

The guideline value for Kattabomman street has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 335 per sq.ft, before rising again to Rs 500 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. Following this, the value increased by 49% from 2017 to 2023, but remained stable at Rs 500 per sq.ft from 2023 to 2024, resulting in a total change of 0% from 2012 to 2024.

Guideline values in Maathoor

In Maathoor, there are 47 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 2,687 per sq.ft. The median value across these streets is Rs 500 per sq.ft, which is equal to the 2024 figure for Kattabomman street.

• K.G.V Nagar: Rs 250 per sq.ft (2024)
• Kambar Street: Rs 500 per sq.ft (2024)
• Kambar Nagar: Rs 400 per sq.ft (2024)
• Kalaivani Street: Rs 500 per sq.ft (2024)
• Kabilar Street: Rs 500 per sq.ft (2024)
• Manimegalai Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabomman street

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattabomman street?

The Sub Registrar Office that covers Kattabomman street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Maathoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation set by the authorities.

When a property transaction occurs, the buyer and seller must refer to the guideline value to determine the applicable fees. This ensures transparency and fairness in the registration process, as the fees are based on a standardized value set by the government.

Frequently asked questions

What is the current guideline value of Kattabomman street?

The current guideline value of Kattabomman street is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft in the 2023 and 2024 revisions, after a decrease to Rs 335 per sq.ft in 2017. The 2012 revision also set the value at Rs 500 per sq.ft.

What is the land classification for Kattabomman street?

Kattabomman street is classified as Residential Special Type - III under the guideline value register.

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

The Sub Registrar Office covering Kattabomman street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How are stamp duty and registration fees calculated for properties in Maathoor?

Stamp duty and registration fees are calculated based on the guideline value of the property or the sale price, whichever is higher. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000.