Guideline Value for Kattuppakkam Kalani

Kattuppakkam Kalani guideline value

The current guideline value of Kattuppakkam Kalani is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kattuppakkam Kalani has changed

The guideline value for Kattuppakkam Kalani has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it dropped to Rs 469 per sq.ft in 2017 before remaining stable at Rs 700 per sq.ft in both 2023 and 2024.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The value remained unchanged from 2023 to 2024, showing a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 1300%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft. The median value for these streets is Rs 800 per sq.ft, making Kattuppakkam Kalani's 2024 figure below this median.

• Kedhareeshvaran Koil Street: Rs 1,000 per sq.ft (2024)
• Kasppa Munuswami Nayidu Street: Rs 1,000 per sq.ft (2024)
• Karuneegar Street: Rs 900 per sq.ft (2024)
• Kizhakku Kammala Sandhu Street: Rs 900 per sq.ft (2024)
• Kizhakku Kammala Street: Rs 1,000 per sq.ft (2024)
• Kizhvengadachari Street: Rs 1,500 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total charges Rs 63,000. It is important to note that the 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 Kattuppakkam Kalani area falls under 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 Uthiramerur

The guideline value plays a crucial role in property transactions in Uthiramerur. It is used as a benchmark for calculating stamp duty and registration fees when a property is bought or sold. This ensures that the government receives the appropriate revenue from property transactions.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Kattuppakkam Kalani?

The current guideline value of Kattuppakkam Kalani is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 50 per sq.ft in 2007, rising to Rs 700 per sq.ft in 2012, dropping to Rs 469 per sq.ft in 2017, and remaining at Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for Kattuppakkam Kalani?

Kattuppakkam Kalani is classified as Residential Class III Type - I, indicating its suitability for residential development.

What is the median guideline value for streets in Uthiramerur?

The median guideline value for streets in Uthiramerur is Rs 800 per sq.ft, with Kattuppakkam Kalani's value being below this median.

Where can I find the Uthiramerur Sub Registrar Office?

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