Guideline Value for Kattunaikkan Street (1st & 1st Street)

Kattunaikkan Street (1st & 1st Street) guideline value

The current guideline value of Kattunaikkan Street (1st & 1st Street) is Rs 1,215 per sq.ft, effective from 1 July 2024. This street is located in Mamallapuram village and falls under the Thirukazhukundram SRO, classified as Residential Class I Type - II.

How the guideline value of Kattunaikkan Street (1st & 1st Street) has changed

The guideline value for Kattunaikkan Street has undergone several revisions over the years. The earliest recorded value is from 2012, which was Rs 1,100 per sq.ft. This figure remained unchanged until the next revision in 2017, where it dropped to Rs 737 per sq.ft, marking a decrease of 33%. Following this, in 2023, the value increased significantly to Rs 1,100 per sq.ft, and then rose again to Rs 1,215 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft, with a median value of Rs 935 per sq.ft. Kattunaikkan Street's 2024 guideline value of Rs 1,215 per sq.ft is above this median.

• Kavalar Kudieruppu Road: Rs 1,210 per sq.ft (2024)
• Karunkuzhiamman Koil Street: Rs 1,100 per sq.ft (2024)
• Koneri Kuttai Road: Rs 935 per sq.ft (2024)
• Kovalam Road 1st Cross Street: Rs 1,210 per sq.ft (2024)
• Kovalam Road 2nd Cross Street: Rs 1,210 per sq.ft (2024)
• Kovalam Street G.R.T to Pallavan Silai (Kovalam Salai(West part)3800 Mtr Highway): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kattunaikkan Street (1st & 1st Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,215 per sq.ft, the total guideline value would be Rs 12,15,000. The stamp duty at 7% would amount to Rs 85,050, and the registration fee at 2% would be Rs 24,300, bringing the total charges to Rs 1,09,350. Please note that 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 information.

Which Sub Registrar Office covers Kattunaikkan Street (1st & 1st Street)?

The Sub Registrar Office that covers Kattunaikkan Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Mamallapuram. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value, as it influences the overall cost of the transaction. Buyers should ensure their sale price meets or exceeds this value to avoid complications during registration.

Frequently asked questions

What is the current guideline value of Kattunaikkan Street?

The current guideline value of Kattunaikkan Street (1st & 1st Street) is Rs 1,215 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,215 per sq.ft in 2024.

What is the land classification for Kattunaikkan Street?

Kattunaikkan Street is classified as Residential Class I Type - II under the Thirukazhukundram SRO.

Where can I find the registration office for Kattunaikkan Street?

The registration office for Kattunaikkan Street is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kattunaikkan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 85,050.