Guideline Value for KADAPPERI BAJANAI KOIL STREET

Kadapperi Bajanai Koil Street guideline value

The current guideline value of Kadapperi Bajanai Koil Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Madurandakam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kadapperi Bajanai Koil Street has changed

The guideline value for Kadapperi Bajanai Koil Street has undergone several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The value saw a substantial rise to Rs 500 per sq.ft in 2023, and most recently, it has been revised to Rs 550 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 267%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kadaperi

In Kadaperi, there are 24 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,100 per sq.ft. The median value for these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Kadapperi Bajanai Koil Street.

• Kadapperi Bharathi Street: Rs 550 per sq.ft (2024)
• Kadapperi Gurukkal Street: Rs 550 per sq.ft (2024)
• Kadapperi Ilango Street: Rs 770 per sq.ft (2024)
• Kadapperi Kammala Street: Rs 550 per sq.ft (2024)
• Kadapperi Madapa Theru: Rs 550 per sq.ft (2024)
• Kadapperi Periaya Colony Mettu Street: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Kadapperi Bajanai Koil Street

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 fees to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kadapperi Bajanai Koil Street?

The Sub Registrar Office that covers Kadapperi Bajanai Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate fees are collected. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Kadapperi Bajanai Koil Street?

The current guideline value of Kadapperi Bajanai Koil Street 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 150 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What are the other streets in Kadaperi with similar guideline values?

Other streets in Kadaperi with a guideline value of Rs 550 per sq.ft include Kadapperi Bharathi Street, Kadapperi Gurukkal Street, Kadapperi Kammala Street, and Kadapperi Madapa Theru.

Where can I find the Sub Registrar Office for Kadapperi Bajanai Koil Street?

The Sub Registrar Office for Kadapperi Bajanai Koil Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Kadapperi?

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