Guideline Value for KADAPPERI KAMMALA STREET

Kadapperi Kammala Street guideline value

The current guideline value of Kadapperi Kammala 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 Kammala Street has changed

Over the years, the guideline value of Kadapperi Kammala Street has seen several revisions. The earliest recorded value is from 2007, where it was Rs 250 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. Notably, there are no figures available for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has risen by 120%.

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 among these streets is Rs 550 per sq.ft, which is equal to the current guideline value of Kadapperi Kammala Street.

• Kadapperi Ilango Street: Rs 770 per sq.ft (2024)
• Kadapperi Madapa Theru: Rs 550 per sq.ft (2024)
• Kadapperi Gurukkal Street: Rs 550 per sq.ft (2024)
• Kadapperi Periaya Colony Mettu Street: Rs 330 per sq.ft (2024)
• Kadapperi Bharathi Street: Rs 550 per sq.ft (2024)
• Kadapperi Railway Station Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Kadapperi Kammala Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total of Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kadapperi Kammala Street?

The Sub Registrar Office that covers Kadapperi Kammala 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 plays a crucial role in the registration process when buying or selling property in Kadaperi. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property transaction occurs, the guideline value is assessed to determine the applicable duties. Buyers and sellers must consider this value to understand the financial implications of their property transactions accurately.

Frequently asked questions

What is the current guideline value of Kadapperi Kammala Street?

The current guideline value of Kadapperi Kammala 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 250 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, marking an overall increase of 120% over this period.

What are the stamp duty and registration fees for properties in Kadapperi Kammala Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 49,500.

Which office do I go to for registration in Kadapperi?

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

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that these costs are based on a standardized value set by the government.