Guideline Value for KADAMBADI AMMAN NAGAR - Astalakshmi Street

KADAMBADI AMMAN NAGAR - Astalakshmi Street guideline value

The current guideline value for KADAMBADI AMMAN NAGAR - Astalakshmi Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of KADAMBADI AMMAN NAGAR - Astalakshmi Street has changed

Over the years, the guideline value for KADAMBADI AMMAN NAGAR - Astalakshmi Street has seen significant changes. The earliest recorded value is from 2002, which was Rs 100 per sq.ft. This increased to Rs 111 per sq.ft in 2003, marking an increase of 11%. The value then rose dramatically to Rs 400 per sq.ft in 2007, reflecting a 260% increase. Following that, the value surged to Rs 2,250 per sq.ft in 2012, which is a substantial increase of 463% from the previous figure. However, between 2012 and 2017, the value decreased to Rs 1,507 per sq.ft, a decline of 33%. The value then increased to Rs 2,250 per sq.ft in 2023, followed by a further rise to Rs 2,500 per sq.ft in 2024, representing an 11% increase.

In summary, the guideline value has increased from Rs 100 per sq.ft in 2002 to Rs 2,500 per sq.ft in 2024, which is an overall increase of 2400%. The revisions from 2017 to 2023 saw a significant increase of 49%, while the jump from 2023 to 2024 was 11%. Notably, there are no figures available for the years not mentioned in this context.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft as of 2024. The median guideline value in this area is Rs 2,200 per sq.ft, placing KADAMBADI AMMAN NAGAR - Astalakshmi Street's 2024 value above this median.

• KADAMBADI AMMAN NAGAR - Angalaparameswari Street: Rs 2,500 per sq.ft (2024)
• KADAMBADI AMMAN NAGAR - Ayyappan Street: Rs 2,500 per sq.ft (2024)
• KADAMBADI AMMAN NAGAR - Chokalingam Street: Rs 2,500 per sq.ft (2024)
• KADAMBADI AMMAN NAGAR - Gajalakshmi Street: Rs 2,500 per sq.ft (2024)
• KADAMBADI AMMAN NAGAR - Jothilakshmi Street: Rs 2,500 per sq.ft (2024)
• KADAMBADI AMMAN NAGAR - Kadambadi Naicken Street: Rs 2,500 per sq.ft (2024)

Stamp duty and registration fee for property in KADAMBADI AMMAN NAGAR - Astalakshmi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, while the registration fee at 2% would be Rs 50,000. Together, the total cost for stamp duty and registration would be Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KADAMBADI AMMAN NAGAR - Astalakshmi Street?

The KADAMBADI AMMAN NAGAR - Astalakshmi Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Nerkundram. It serves as a basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property. When registering a property, the guideline value or the sale price is considered, and the higher amount is used to determine the applicable fees.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to understand the financial implications during the registration process.

Frequently asked questions

What is the current guideline value for KADAMBADI AMMAN NAGAR - Astalakshmi Street?

The current guideline value for KADAMBADI AMMAN NAGAR - Astalakshmi Street is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 100 per sq.ft in 2002 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of 2400% over the years.

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

For a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 and the registration fee would be Rs 50,000, totaling Rs 2,25,000.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers KADAMBADI AMMAN NAGAR - Astalakshmi Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for KADAMBADI AMMAN NAGAR - Astalakshmi Street?

The land classification for KADAMBADI AMMAN NAGAR - Astalakshmi Street is Residential Class III Type - II.