Guideline Value for KADAMBADI AMMAN NAGAR - Rangasamy Street

KADAMBADI AMMAN NAGAR - Rangasamy Street guideline value

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

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

The guideline value for KADAMBADI AMMAN NAGAR - Rangasamy Street has seen significant changes over the years. In 2007, the value was Rs 400 per sq.ft, which increased dramatically to Rs 2,250 per sq.ft in 2012. However, this figure decreased by 33% to Rs 1,507 per sq.ft in 2017. The value then rose sharply by 49% to Rs 2,250 per sq.ft in 2023, before reaching the current rate of Rs 2,500 per sq.ft in 2024, marking an 11% increase.

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

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. The median guideline value in this area is Rs 2,200 per sq.ft, placing KADAMBADI AMMAN NAGAR - Rangasamy Street above this median.

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

Stamp duty and registration fee for property in KADAMBADI AMMAN NAGAR - Rangasamy 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, and the registration fee at 2% would be Rs 50,000, making the total cost for these fees Rs 2,25,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The KADAMBADI AMMAN NAGAR - Rangasamy Street is covered by 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 in the registration process when buying or selling property in Nerkundram. It is used to determine the stamp duty and registration fees that are applicable, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of KADAMBADI AMMAN NAGAR - Rangasamy 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 significantly, increasing from Rs 400 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, which is a total increase of 525% 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 office handles property registration for KADAMBADI AMMAN NAGAR - Rangasamy Street?

The Virugambakkam Sub Registrar Office handles property registration for KADAMBADI AMMAN NAGAR - Rangasamy Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for this street?

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