Guideline Value for KADAMBUR MAIN (WARD -9)

Kadambur Main (Ward -9) guideline value

The current guideline value of Kadambur Main (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024. This area is located in Kadampur village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - I.

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

The guideline value for Kadambur Main has undergone several revisions over the years. In the 2012 revision, the value was Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in the 2017 revision. Following this, the value increased to Rs 500 per sq.ft in the 2023 revision and further rose to Rs 551 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Kadampur

Kadampur has a total of 44 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 385 to Rs 2,200 per sq.ft. The median value for these streets is Rs 551 per sq.ft, which is the same as the current guideline value for Kadambur Main.

• Kalivanthapattu Kadambur Main Road (Ward -9): Rs 551 per sq.ft (2024)
• Kalivanthapattu Main Road (Ward -9): Rs 551 per sq.ft (2024)
• Kamarajar Street (Ward -9): Rs 551 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)
• Golden County (Ward -9): Rs 1,100 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 551 per sq.ft, the total guideline value amounts to Rs 5,51,000. The stamp duty at 7% would be Rs 38,570, and the registration fee at 2% would be Rs 11,020, bringing the total fees to Rs 49,590. 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 precise calculations.

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

The Sub Registrar Office covering Kadambur Main (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When registering a property, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is officially recorded and complies with local regulations.

Frequently asked questions

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

The current guideline value for Kadambur Main (Ward -9) is Rs 551 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 to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

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

Kadambur Main (Ward -9) is classified as Residential Class I Type - I.

What are the stamp duty and registration fees for a property in Kadambur Main?

The stamp duty is charged at 7% and the registration fee at 2% based on the higher of the guideline value or the sale price. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 49,590.

Where can I find the Sub Registrar Office for Kadambur Main (Ward -9)?

The Sub Registrar Office for Kadambur Main (Ward -9) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II registration zone.