Guideline Value for kattabomman Street

kattabomman Street guideline value

The current guideline value of kattabomman Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of kattabomman Street has changed

The guideline value for kattabomman Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,100 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 173% rise. However, the value then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 3,000 per sq.ft in 2023, followed by a further rise to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

Between the 2017 and 2023 revisions, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 200%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, making the current value of kattabomman Street below this median.

• kathiravan Colony: Rs 4,400 per sq.ft (2024)
• Kaveri Street: Rs 3,300 per sq.ft (2024)
• Kothavari street: Rs 3,300 per sq.ft (2024)
• Koyambedu School Road: Rs 3,300 per sq.ft (2024)
• Kanagasabai Colony: Rs 3,300 per sq.ft (2024)
• Kanagalingeswarar Koil North Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in kattabomman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers kattabomman Street?

The kattabomman Street falls under the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the current market standards set by the Registration Department.

When buying or selling property, it is essential to be aware of the guideline value as it influences the overall costs involved in the transaction. Buyers should ensure they are informed about the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of kattabomman Street?

The current guideline value of kattabomman Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 200% over the years.

What are the guideline values for other streets in Koyakbedu?

Other streets in Koyakbedu have varying guideline values, with rates ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft.

What are the stamp duty and registration fees for kattabomman Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers kattabomman Street?

The kattabomman Street is covered by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.