Guideline Value for KADAPPAH ROAD

Kadappah Road guideline value

The current guideline value of Kadappah Road is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Kadappah Road has changed

In the 2012 revision, the guideline value for Kadappah Road was Rs 2,700 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 2,700 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 2,900 per sq.ft, marking a change of +7% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by +7%. The register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value is Rs 2,500 per sq.ft, placing the 2024 figure for Kadappah Road above this median.

• Kakkai Nagar (North Of M.T.H Road): Rs 2,900 per sq.ft (2024)
• Jemi Avenue: Rs 1,300 per sq.ft (2024)
• Kallikuppam Murugambedu Road: Rs 1,600 per sq.ft (2024)
• Kallikuppam Padasalai Street (School Street): Rs 2,100 per sq.ft (2024)
• Kallikuppam Perumal Koil Street: Rs 2,100 per sq.ft (2024)
• Kallikuppam Pillaiyar Koil Street: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kadappah Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, making the total charges Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kadappah Road?

The Sub Registrar Office covering Kadappah Road is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is an essential factor during property registration in Korattur. It is used to determine the stamp duty and registration fees payable when a property is bought or sold, ensuring that the transaction is recorded accurately in the official records.

When buyers and sellers agree on a sale price, the guideline value will be referenced to ensure compliance with local regulations. The higher value between the sale price and the guideline value will be used for calculating the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Kadappah Road?

The current guideline value of Kadappah Road is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kadappah Road has changed from Rs 2,700 per sq.ft in 2012 to Rs 2,900 per sq.ft in 2024, representing a +7% increase. There was no change in the 2023 revision.

What is the land classification for Kadappah Road?

The land classification for Kadappah Road is Residential Class II Type - II, indicating its suitability for residential development.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Kadappah Road?

Stamp duty for properties in Kadappah Road is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,900 per sq.ft would incur a total duty of Rs 2,61,000.