Guideline Value for Kattabooman Street

Kattabooman Street guideline value

The current guideline value of Kattabooman Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Kattabooman Street has changed

The guideline value for Kattabooman Street has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 294 per sq.ft. This increased to Rs 350 per sq.ft in 2007, marking a 19% rise. The next revision in 2017 saw a substantial jump to Rs 1,474 per sq.ft, which is a 321% increase from the 2007 figure. In 2023, the value further rose to Rs 2,200 per sq.ft, reflecting a 49% increase from 2017. The latest revision in 2024 sets the guideline value at Rs 2,420 per sq.ft, a 10% increase from the previous year.

It is important to note that there are no figures available for Kattabooman Street in the 2002 and 2012 revisions. Overall, from 2003 to 2024, the guideline value has increased by 723%.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median value among these streets is Rs 2,420 per sq.ft, which is equal to the guideline value of Kattabooman Street.

• Kasi Garden: Rs 2,420 per sq.ft (2024)
• Karikalan Street: Rs 2,420 per sq.ft (2024)
• Kora Masilamani Street: Rs 1,320 per sq.ft (2024)
• Krishnan Koil Street: Rs 2,200 per sq.ft (2024)
• Kulakarai 1st Cross Street: Rs 2,420 per sq.ft (2024)
• Kulakarai 2nd Cross Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Kattabooman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty, charged at 7%, amounts to Rs 1,69,400, while the registration fee at 2% is Rs 48,400. Together, these fees total Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattabooman Street?

The Sub Registrar Office covering Kattabooman Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Thiruneermalai

The guideline value is a crucial factor in the registration of property transactions in Thiruneermalai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the purchase or sale of a property.

When a buyer or seller engages in a transaction, the guideline value is referenced to ensure that the appropriate fees are applied. This helps maintain transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value of Kattabooman Street?

The current guideline value of Kattabooman Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 294 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 723% over this period.

What are the stamp duty and registration fees for a property on Kattabooman Street?

For a 1,000 sq.ft property, the total guideline value is Rs 24,20,000. The stamp duty would be Rs 1,69,400, and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which office handles property registrations for Kattabooman Street?

The Pammal Sub Registrar Office handles property registrations for Kattabooman Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees applicable during property transactions. It ensures that these fees are calculated based on a standardized value, promoting transparency in the process.