Guideline Value for KADAPPERI BHARATHI STREET

Kadapperi Bharathi Street guideline value

The current guideline value of Kadapperi Bharathi Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village under the Madurandakam SRO, classified as Residential Class I Type - I.

How the guideline value of Kadapperi Bharathi Street has changed

The guideline value for Kadapperi Bharathi Street has undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 200 per sq.ft. This increased to Rs 500 per sq.ft in 2012, but then decreased to Rs 335 per sq.ft in 2017. Following this, the value rose significantly to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kadaperi

In Kadaperi village, 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 across these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Kadapperi Bharathi Street.

• Kadapperi Bajanai Koil 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 Bharathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value is 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 details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kadapperi Bharathi Street?

The Sub Registrar Office that covers Kadapperi Bharathi 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 information.

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

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

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. 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 Kadapperi Bharathi Street?

The current guideline value of Kadapperi Bharathi 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 seen several revisions, starting from Rs 200 per sq.ft in 2007, increasing to Rs 500 per sq.ft in 2012, then decreasing to Rs 335 per sq.ft in 2017, and finally rising to Rs 550 per sq.ft in 2024.

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

Other streets in Kadaperi, such as Kadapperi Bajanai Koil Street, Kadapperi Gurukkal Street, and Kadapperi Kammala Street, also have a guideline value of Rs 550 per sq.ft in 2024.

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

The Sub Registrar Office for Kadapperi Bharathi 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 Bharathi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current rate, the stamp duty would be Rs 38,500.