Guideline Value for Kattukkuppam

Kattukkuppam guideline value

The current guideline value of Kattukkuppam is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Kathivakkam village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Kattukkuppam has changed

The guideline value for Kattukkuppam has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 200 per sq.ft. This increased to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017. Following that, the value rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,001 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

Examining the changes, from 2007 to 2012, there was a substantial increase of 300%. However, from 2012 to 2017, the value decreased by 33%. The value then surged by 87% from 2017 to 2023, and has remained unchanged from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 401%.

Guideline values in Kathivakkam

In Kathivakkam, there are 47 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,001 per sq.ft, which matches the current guideline value for Kattukkuppam.

• Kathivakkam HighRoad: Rs 1,600 per sq.ft (2024)
• Kamaraj Nagar All Street: Rs 1,100 per sq.ft (2024)
• Kamalammal Nagar: Rs 1,000 per sq.ft (2024)
• Indra Nagar: Rs 1,001 per sq.ft (2024)
• Harizan colony: Rs 1,000 per sq.ft (2024)
• Mugathuvara kuppam: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kattukkuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the guideline value amounts to Rs 10,01,000. The stamp duty at 7% would be Rs 70,070, and the registration fee at 2% would be Rs 20,020, totaling Rs 90,090. 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 Kattukkuppam?

The Sub Registrar Office that covers Kattukkuppam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kathivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Kattukkuppam?

The current guideline value of Kattukkuppam is Rs 1,001 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 1,001 per sq.ft in 2024, reflecting an overall increase of 401% over the years.

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

Other streets in Kathivakkam include Kathivakkam HighRoad at Rs 1,600 per sq.ft, Kamaraj Nagar All Street at Rs 1,100 per sq.ft, and Indra Nagar at Rs 1,001 per sq.ft, among others.

What are the stamp duty and registration fees for property in Kattukkuppam?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070 and the registration fee would be Rs 20,020, totaling Rs 90,090.

Where can I find the Sub Registrar Office for Kattukkuppam?

The Sub Registrar Office for Kattukkuppam is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.