Guideline Value for East Street

East Street guideline value

The current guideline value of East Street in Kadaperi village is Rs 880 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - II.

How the guideline value of East Street has changed

The guideline value for East Street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 400 per sq.ft. This increased to Rs 800 per sq.ft in 2012, marking a significant rise of 100%. However, in 2017, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The value then increased again to Rs 800 per sq.ft in 2023, followed by a further increase to Rs 880 per sq.ft in 2024, reflecting a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 120%, demonstrating a notable change over the years.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing East Street's 2024 figure below the median.

• Durga Nagar: Rs 1,320 per sq.ft (2024)
• Electricity Sub Station Street: Rs 1,320 per sq.ft (2024)
• Erikarai 1st Street: Rs 1,650 per sq.ft (2024)
• Erikarai 2nd Street: Rs 1,650 per sq.ft (2024)
• Erikarai 3rd Street: Rs 1,650 per sq.ft (2024)
• Erikarai 4th Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers East Street?

The Sub Registrar Office that covers East Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kadaperi. When you buy or sell property, the guideline value serves as a benchmark for determining the registration fees and stamp duty payable at the time of registration. It ensures that the property is valued appropriately for legal and taxation purposes.

Additionally, the guideline value helps maintain transparency in property transactions, providing a standardized measure that can be referenced by buyers, sellers, and authorities alike. This helps prevent discrepancies and ensures that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of East Street?

The current guideline value of East Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 400 per sq.ft to Rs 880 per sq.ft in 2024, with various revisions occurring in between.

What are the stamp duty and registration fees for property in East Street?

For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 61,600, and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for East Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for East Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What other streets are in Kadaperi?

Other streets in Kadaperi include Durga Nagar, Electricity Sub Station Street, and several Erikarai streets, each with varying guideline values.