Guideline Value for Kattapomman Cross Street

Kattapomman Cross Street guideline value

The current guideline value of Kattapomman Cross Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village under the Tiruvallur Joint 1 SRO, classified as Residential Class III Type - I.

How the guideline value of Kattapomman Cross Street has changed

The guideline value for Kattapomman Cross Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012, marking a rise of 150%. However, in 2017, the value decreased to Rs 335 per sq.ft, a drop of 33%. The value then rose again to Rs 500 per sq.ft in 2023, followed by the current value of Rs 550 per sq.ft in 2024, reflecting an increase of 10%.

There are no figures available for the revisions in 2002 and 2003 for Kattapomman Cross Street. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. Kattapomman Cross Street's 2024 value of Rs 550 per sq.ft is below this median.

• Kattapomman Street: Rs 550 per sq.ft (2024)
• Kavi Kalamegam Street: Rs 1,100 per sq.ft (2024)
• Kaviyarasu Street: Rs 1,100 per sq.ft (2024)
• K.K.R. Millinium City: Rs 879 per sq.ft (2024)
• Kamarajar Street: Rs 1,650 per sq.ft (2024)
• Kamarajar Salai Main Road: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Kattapomman Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. 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 detailed calculations.

Which Sub Registrar Office covers Kattapomman Cross Street?

Kattapomman Cross Street falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When completing a property transaction, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kattapomman Cross Street?

The current guideline value of Kattapomman Cross Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, with various increases and a decrease in between. The most significant increase was from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023.

What are the other streets in Periyakuppam and their guideline values?

Other streets in Periyakuppam include Kattapomman Street and Kavi Kalamegam Street, with values ranging from Rs 550 to Rs 1,650 per sq.ft as of 2024.

What is the registration fee for property in Kattapomman Cross Street?

The registration fee for property transactions in Kattapomman Cross Street is calculated based on the guideline value. For example, a 1,000 sq.ft plot would incur a total fee of Rs 49,500, including stamp duty and registration fees.

Where can I find the Sub Registrar Office for Kattapomman Cross Street?

The Sub Registrar Office covering Kattapomman Cross Street is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more information by visiting the relevant link.