Guideline Value for KADAMBADI AMMAN NAGAR - Chokalingam Street

KADAMBADI AMMAN NAGAR - Chokalingam Street guideline value

The current guideline value of KADAMBADI AMMAN NAGAR - Chokalingam Street is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO, classified as Residential Class III Type - II.

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

The guideline value for KADAMBADI AMMAN NAGAR - Chokalingam Street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 2,250 per sq.ft in 2012, marking a rise of 463%. However, it then decreased to Rs 1,507 per sq.ft in 2017, a decline of 33%. The value rebounded to Rs 2,250 per sq.ft in 2023, reflecting a 49% increase from the 2017 figure. The current revision in 2024 has set the guideline value at Rs 2,500 per sq.ft, representing an 11% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 525%.

Guideline values in Nerkundram

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total fees to 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 the stamp duty and registration fee calculator for more detailed calculations.

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

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

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

The guideline value plays a crucial role during the registration of property transactions in Nerkundram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This value helps in maintaining transparency in property transactions and assists in the collection of government revenue.

Frequently asked questions

What is the current guideline value of KADAMBADI AMMAN NAGAR - Chokalingam Street?

The current guideline value of KADAMBADI AMMAN NAGAR - Chokalingam 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 changed from Rs 400 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, marking a total increase of 525% over the years.

What are the other streets in KADAMBADI AMMAN NAGAR and their guideline values?

Other streets in KADAMBADI AMMAN NAGAR include Ayyappan Street, Gajalakshmi Street, Astalakshmi Street, Jothilakshmi Street, Angalaparameswari Street, and Kadambadi Naicken Street, all with a guideline value of Rs 2,500 per sq.ft as of 2024.

What is the stamp duty rate for properties in KADAMBADI AMMAN NAGAR - Chokalingam Street?

The stamp duty rate for properties in KADAMBADI AMMAN NAGAR - Chokalingam Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for KADAMBADI AMMAN NAGAR - Chokalingam Street?

The Sub Registrar Office covering KADAMBADI AMMAN NAGAR - Chokalingam Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.