Guideline Value for Kuvari Kattabomman Street

Kuvari Kattabomman Street guideline value

The current guideline value of Kuvari Kattabomman Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kuvari Kattabomman Street has changed

The guideline value for Kuvari Kattabomman Street has undergone several revisions over the years. The earliest recorded figure is from 2003, set at Rs 303 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, followed by a substantial rise to Rs 2,000 per sq.ft in 2012. However, between 2012 and 2017, the value dropped to Rs 1,340 per sq.ft. The most recent revision in 2024 shows a guideline value of Rs 2,160 per sq.ft, marking a 61% increase from the 2017 figure.

In summary, from 2003 to 2024, the overall change in the guideline value is an increase of 613%. The register does not have figures for the years 2023 and 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Kuvari Kattabomman Street's 2024 guideline value is below this median.

• Kuvari Mettu Street: Rs 3,300 per sq.ft (2024)
• Kuvari Road: Rs 2,100 per sq.ft (2024)
• Kuvari Road Cross Street: Rs 2,100 per sq.ft (2024)
• Kuvari V.O.C. Street: Rs 2,100 per sq.ft (2024)
• Kurunji Nagar: Rs 3,520 per sq.ft (2024)
• Lake View Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kuvari Kattabomman Street

For a 1,000 sq.ft plot at the current rate of Rs 2,160 per sq.ft, the guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, totaling Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kuvari Kattabomman Street?

The Sub Registrar Office that covers Kuvari Kattabomman Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

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

When buying or selling property, both parties must be aware of the guideline value, as it affects the overall costs involved in the transaction. It is essential to consult the latest guideline values to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Kuvari Kattabomman Street?

The current guideline value of Kuvari Kattabomman Street is Rs 2,160 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 303 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, marking an overall increase of 613% over this period.

What are the other streets in Zaminpallavaram with their guideline values?

Other streets in Zaminpallavaram include Kuvari Mettu Street at Rs 3,300 per sq.ft, Kuvari Road at Rs 2,100 per sq.ft, and Lake View Street at Rs 2,750 per sq.ft among others.

What is the registration fee for property in Kuvari Kattabomman Street?

The registration fee for property in Kuvari Kattabomman Street is calculated at 2% of the guideline value, in addition to the stamp duty of 7%.

Where can I find the Sub Registrar Office for Kuvari Kattabomman Street?

The Sub Registrar Office for Kuvari Kattabomman Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.