Guideline Value for KADAPPERI GURUKKAL STREET

Kadapperi Gurukkal Street guideline value

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

How the guideline value of Kadapperi Gurukkal Street has changed

The guideline value for Kadapperi Gurukkal Street has undergone several revisions over the years. In 2007, the value was Rs 200 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 next revision in 2023 saw the value rise to Rs 500 per sq.ft, and the most recent revision in 2024 has set the value at Rs 550 per sq.ft. There are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, the value increased by 150%, but then it decreased by 33% from 2012 to 2017. A significant increase of 49% was observed from 2017 to 2023. The overall change from 2007 to 2024 reflects a 175% increase in the guideline value.

Guideline values in Kadaperi

Kadaperi village has a total of 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 among these streets is Rs 550 per sq.ft, making the guideline value for Kadapperi Gurukkal Street equal to this median.

• Kadapperi Bharathi Street: Rs 550 per sq.ft (2024)
• Kadapperi Ilango Street: Rs 770 per sq.ft (2024)
• Kadapperi Bajanai Koil Street: Rs 550 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 Gurukkal 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Kadapperi Gurukkal Street?

The Sub Registrar Office that covers Kadapperi Gurukkal 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 is a crucial factor in the registration process of property transactions in Kadaperi. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Kadapperi Gurukkal Street?

The current guideline value of Kadapperi Gurukkal 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 significantly from Rs 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175% over this period.

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

Other streets in Kadaperi include Kadapperi Bharathi Street and Kadapperi Bajanai Koil Street, both valued at Rs 550 per sq.ft in 2024, among others with varying values.

What fees are associated with property registration in Kadapperi Gurukkal Street?

When registering property, fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kadapperi Gurukkal Street located?

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