Guideline Value for Kattapomman Street

Kattapomman Street guideline value

The current guideline value of Kattapomman Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - II.

How the guideline value of Kattapomman Street has changed

In the 2007 revision, the guideline value for Kattapomman Street was Rs 1,210 per sq.ft. The most recent revision in 2024 saw a significant increase to Rs 3,300 per sq.ft, marking a change of +173% over this period. The register has no figure for this street for the years 2023, 2017, 2012, 2003, and 2002.

Comparing the revisions, the increase from 2007 to 2024 is notable, reflecting the current valuation trends in the area. The lack of figures in the intervening years suggests that the guideline value may have remained unrecorded during those periods.

Guideline values in Kodambakkam

Kodambakkam has a total of 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. Kattapomman Street's current guideline value is below the median value of Rs 4,900 per sq.ft for the area.

• Kavarai Street (V.P): Rs 5,500 per sq.ft (2024)
• Kavarai Street (W.M): Rs 5,500 per sq.ft (2024)
• Kaveri Street Block 62: Rs 4,900 per sq.ft (2024)
• Kasiviswanathan Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 6th Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 5th Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kattapomman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. Please note that 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 precise calculations.

Which Sub Registrar Office covers Kattapomman Street?

The Sub Registrar Office that covers Kattapomman Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kodambakkam, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kattapomman Street?

The current guideline value of Kattapomman Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,210 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a change of +173% over this period. There are no recorded figures for the years 2023, 2017, 2012, 2003, and 2002.

What is the classification of Kattapomman Street?

Kattapomman Street is classified as Residential Class IV Type - II under the Ashok Nagar SRO.

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

The Sub Registrar Office for Kattapomman Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Kattapomman Street?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.