Guideline Value for Kattuppakkam Kalani

Kattuppakkam Kalani guideline value

The current guideline value of Kattuppakkam Kalani is Rs 202 per sq.ft, effective from 1 July 2024. This street is located in Neeradi village under the Uthiramerur SRO, classified as Residential Special Type - IV.

How the guideline value of Kattuppakkam Kalani has changed

The guideline value for Kattuppakkam Kalani has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 200 per sq.ft, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 202 per sq.ft, a 1% increase from the previous year.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 1%.

Guideline values in Neeradi

In Neeradi village, there are 20 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 201 to Rs 350 per sq.ft, with the median being Rs 202 per sq.ft. Kattuppakkam Kalani's 2024 figure aligns with this median.

• Kuppaiyanaloor Kalani: Rs 202 per sq.ft (2024)
• Manithottam: Rs 300 per sq.ft (2024)
• Mettu Kalani: Rs 202 per sq.ft (2024)
• Gokulam Avenue: Rs 300 per sq.ft (2024)
• Nalloor Kalani: Rs 202 per sq.ft (2024)
• Naloor Kulakkarai: Rs 202 per sq.ft (2024)

Stamp duty and registration fee for property in Kattuppakkam Kalani

For a 1,000 sq.ft plot at the current guideline value of Rs 202 per sq.ft, the total guideline value would be Rs 2,02,000. The stamp duty at 7% would amount to Rs 14,140, and the registration fee at 2% would be Rs 4,040, making the total cost for these fees Rs 18,180. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kattuppakkam Kalani?

The Sub Registrar Office that covers Kattuppakkam Kalani is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Neeradi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale of properties. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the guideline value helps establish the official price for taxation purposes. This ensures that the government receives the appropriate fees based on the established guideline values for different areas.

Frequently asked questions

What is the current guideline value of Kattuppakkam Kalani?

The current guideline value of Kattuppakkam Kalani is Rs 202 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 2012 to Rs 134 per sq.ft in 2017, then back to Rs 200 per sq.ft in 2023, and finally to Rs 202 per sq.ft in 2024.

What is the classification of land in Kattuppakkam Kalani?

Kattuppakkam Kalani is classified as Residential Special Type - IV under the Uthiramerur SRO.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a plot of 1,000 sq.ft, the total fees would be Rs 18,180.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.