Guideline Value for KADAPPERI ILANGO STREET

Kadapperi Ilango Street guideline value

The current guideline value of Kadapperi Ilango Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village, under the Madurandakam SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kadapperi Ilango Street has changed

Over the years, the guideline value of Kadapperi Ilango Street has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 300 per sq.ft. This increased to Rs 700 per sq.ft in 2012, marking a significant rise of 133%. However, by 2017, the value dropped to Rs 469 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 700 per sq.ft in 2023, followed by a further increase to Rs 770 per sq.ft in 2024, which is a 10% rise from the previous year.

The guideline value register does not have figures for the years 2002 and 2003 for Kadapperi Ilango Street. Overall, from 2007 to 2024, the guideline value has increased by 157%.

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 for these streets is Rs 550 per sq.ft, placing Kadapperi Ilango Street's 2024 guideline value above this median.

• Kadapperi Gurukkal Street: Rs 550 per sq.ft (2024)
• Kadapperi Kammala Street: Rs 550 per sq.ft (2024)
• Kadapperi Bharathi Street: Rs 550 per sq.ft (2024)
• Kadapperi Madapa Theru: Rs 550 per sq.ft (2024)
• Kadapperi Bajanai Koil Street: 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 Ilango Street

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kadapperi Ilango Street?

The Sub Registrar Office that covers Kadapperi Ilango 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 property transactions in Kadaperi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of property transactions. This value serves as a benchmark for both parties during negotiations and finalizing the sale.

Frequently asked questions

What is the current guideline value of Kadapperi Ilango Street?

The current guideline value of Kadapperi Ilango Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent increase being from Rs 700 per sq.ft in 2023 to Rs 770 per sq.ft in 2024. Overall, from 2007 to 2024, the value has increased by 157%.

What is the land classification of Kadapperi Ilango Street?

Kadapperi Ilango Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

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

How is stamp duty calculated for properties in Kadapperi?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,70,000, the stamp duty at 7% would be Rs 53,900.