Guideline Value for Kattur Nallathambi Achari St

Kattur Nallathambi Achari St guideline value

The current guideline value of Kattur Nallathambi Achari St is Rs 4,800 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kattur Nallathambi Achari St has changed

The guideline value for Kattur Nallathambi Achari St has undergone several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which was then reduced to Rs 3,015 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,500 per sq.ft in 2023, and further rose to Rs 4,800 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, while from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median guideline value is Rs 4,800 per sq.ft, which is equal to the current value of Kattur Nallathambi Achari St.

• Kattur NallaMuthu Achari Street: Rs 4,800 per sq.ft (2024)
• Kattur Sadaiyappan Street: Rs 4,800 per sq.ft (2024)
• Kasthuri Bai B Colony: Rs 4,400 per sq.ft (2024)
• KasthuriBai A Colony: Rs 4,400 per sq.ft (2024)
• KesavaPillai Park(T.S.C.Board): Rs 2,700 per sq.ft (2024)
• Karpura Mudali Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kattur Nallathambi Achari St

For a 1,000 sq.ft plot at the current guideline value of Rs 4,800 per sq.ft, the total guideline value would be Rs 48,00,000. The stamp duty at 7% would amount to Rs 3,36,000, and the registration fee at 2% would be Rs 96,000, bringing the total cost to Rs 4,32,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kattur Nallathambi Achari St?

The Kattur Nallathambi Achari St falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Vepery. It serves as a basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value ensures that the transaction is registered at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kattur Nallathambi Achari St?

The current guideline value of Kattur Nallathambi Achari St is Rs 4,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2023 to Rs 4,800 per sq.ft in 2024, marking a 7% increase. It was Rs 3,015 per sq.ft in 2017 and Rs 4,500 per sq.ft in 2012.

What is the land classification for Kattur Nallathambi Achari St?

The land classification for Kattur Nallathambi Achari St is Residential Class II Type - II.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 48,00,000, the total stamp duty and registration fee would be Rs 4,32,000.

Which office handles the registration for Kattur Nallathambi Achari St?

The Periamet Sub Registrar Office handles the registration for Kattur Nallathambi Achari St, located at 1103, Poonamallee High Road, Chennai-600 003.