Guideline Value for Kattapomman Street

Kattapomman Street guideline value

The current guideline value of Kattapomman Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kattapomman Street has changed

The guideline value of Kattapomman Street has seen several revisions over the years. Starting from the 2002 revision, the value was set at Rs 320 per sq.ft. This increased to Rs 394 per sq.ft in 2003, marking a 23% rise. The value then rose to Rs 500 per sq.ft in 2007, a significant increase of 27%. Following this, the 2012 revision saw the guideline value at Rs 5,000 per sq.ft, which was a 900% increase from the previous figure.

In the 2017 revision, the value decreased to Rs 3,350 per sq.ft, a reduction of 33%. However, from 2017 to 2023, the value increased to Rs 5,000 per sq.ft, representing a 49% rise. The most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, which is a 10% increase from the previous year. There are no figures available for the revisions in years not listed.

Guideline values in Tambaram

In Tambaram, there are 360 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft, with a median value of Rs 3,300 per sq.ft. Kattapomman Street's 2024 figure is above this median.

• Kennady Street: Rs 6,600 per sq.ft (2024)
• Karumariyamman Koil Street: Rs 2,200 per sq.ft (2024)
• Karumariyamman Avenue: Rs 1,320 per sq.ft (2024)
• Karumari Amman Nagar: Rs 2,200 per sq.ft (2024)
• KanniyammanKoil Street: Rs 2,200 per sq.ft (2024)
• Kanniamman St: Rs 2,200 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, the guideline value is Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Tambaram

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

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kattapomman Street?

The current guideline value of Kattapomman Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 320 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1619% over the years.

What is the land classification for Kattapomman Street?

Kattapomman Street is classified as Residential Special Type - I, indicating its designation for residential use.

Where can I find information about stamp duty and registration fees?

Information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.

Which office handles the registration for Kattapomman Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Kattapomman Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.