Guideline Value for KADAMBUR MAIN (WARD -9)

Kadambur Main (Ward -9) guideline value

The current guideline value of Kadambur Main (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Goodaloor village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Kadambur Main (Ward -9) has changed

The guideline value for Kadambur Main (Ward -9) has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then decreased to Rs 335 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 550 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Goodaloor

In Goodaloor, there are 53 streets under the Chengleput Joint II SRO carrying a 2024 guideline value ranging from Rs 385 to Rs 2,510 per sq.ft. The median value for these streets is Rs 660 per sq.ft, and Kadambur Main (Ward -9) is below this median.

• Kalivanthapattu Kadambur Main Road (Ward -9): Rs 550 per sq.ft (2024)
• Kalivanthapattu Main Road (Ward -9): Rs 550 per sq.ft (2024)
• Kamarajar Street (Ward -9): Rs 550 per sq.ft (2024)
• Ind. Area Coodalur Village (Ward -9): Rs 1,100 per sq.ft (2024)
• Hallmark Apts Coodalur Village (Ward -9): Rs 2,200 per sq.ft (2024)
• Green Town: Rs 737 per sq.ft (2024)

Stamp duty and registration fee for property in Kadambur Main (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kadambur Main (Ward -9)?

The Sub Registrar Office that covers Kadambur Main (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Goodaloor

The guideline value plays a crucial role in the registration process when buying or selling property in Goodaloor. It serves as a basis for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kadambur Main (Ward -9)?

The current guideline value of Kadambur Main (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Kadambur Main (Ward -9)?

The land classification for Kadambur Main (Ward -9) is Residential Class I Type - III.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Kadambur Main (Ward -9)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.