Guideline Value for Kattuppakkam Main Road

Kattuppakkam Main Road guideline value

The current guideline value of Kattuppakkam Main Road is Rs 4,290 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village under the Kunrathur Sub Registrar Office (SRO) and is classified as Commercial Class I Type - I.

How the guideline value of Kattuppakkam Main Road has changed

The guideline value for Kattuppakkam Main Road has seen several revisions over the years. Starting from Rs 194 per sq.ft in 2003, the value increased significantly to Rs 600 per sq.ft in 2007. The 2012 revision brought the value to Rs 3,900 per sq.ft, but it then decreased to Rs 2,613 per sq.ft in 2017. Following this, the value rose to Rs 3,900 per sq.ft in 2023, and most recently, it has been set at Rs 4,290 per sq.ft in the 2024 revision.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024, by 49% from 2017 to 2023, decreased by 33% from 2012 to 2017, increased dramatically by 550% from 2007 to 2012, and rose by 209% from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 2111%. The register has no figure for this street for the year 2002.

Guideline values in Kattupakkam

In Kattupakkam village, there are 75 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Kattuppakkam Main Road's 2024 figure above that median.

• K.K. Nagar: Rs 2,090 per sq.ft (2024)
• Kanumbulli Chetty Street: Rs 2,090 per sq.ft (2024)
• Kumanan Chavadi (Poonamallee High Road): Rs 4,290 per sq.ft (2024)
• Kumaran Nagar: Rs 2,090 per sq.ft (2024)
• Kundrathur Road: Rs 4,290 per sq.ft (2024)
• Lakshmi Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Kattuppakkam Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,290 per sq.ft, the total guideline value would be Rs 42,90,000. The stamp duty at 7% would amount to Rs 3,00,300, and the registration fee at 2% would be Rs 85,800, making the total Rs 3,86,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kattuppakkam Main Road?

The Kattuppakkam Main Road falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kattuppakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is referenced to calculate the applicable fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Kattuppakkam Main Road?

The current guideline value of Kattuppakkam Main Road is Rs 4,290 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 194 per sq.ft in 2003 to Rs 4,290 per sq.ft in 2024, which is an increase of 2111% overall.

What is the land classification for Kattuppakkam Main Road?

Kattuppakkam Main Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty rates applicable in Kattuppakkam?

The stamp duty rate in Kattuppakkam is 7%, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Kattuppakkam?

The Kunrathur Sub Registrar Office covers Kattuppakkam Main Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.