Guideline Value for Kattapomman Street

Kattapomman Street guideline value

The current guideline value of Kattapomman Street in Periyakuppam village, under the Tiruvallur Joint 1 SRO, is Rs 550 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class III Type - I land classification.

How the guideline value of Kattapomman Street has changed

The guideline value for Kattapomman Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The most recent revisions show a significant increase, with the value rising to Rs 500 per sq.ft in 2023 and further to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, the guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting a total change of 175%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

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 the median being Rs 1,100 per sq.ft. Kattapomman Street's 2024 figure is below this median.

• Kattapomman Cross 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 Street

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattapomman Street?

The Sub Registrar Office that covers Kattapomman Street is 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 aspect when registering property transactions in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Kattapomman Street?

The current guideline value of Kattapomman 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, reflecting an overall increase of 175% across the revisions.

What are the stamp duty and registration fees for properties on Kattapomman Street?

For a 1,000 sq.ft plot valued at Rs 5,50,000, the stamp duty would be Rs 38,500 and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Kattapomman Street?

The Tiruvallur Joint 1 Sub Registrar Office handles registrations for Kattapomman Street, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

What is the median guideline value in Periyakuppam?

The median guideline value in Periyakuppam is Rs 1,100 per sq.ft, with Kattapomman Street's current value being below this median.