Guideline Value for KADAPPERI MADAPA THERU

Kadapperi Madapa Theru guideline value

The current guideline value of Kadapperi Madapa Theru 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 Madapa Theru has changed

The guideline value for Kadapperi Madapa Theru has undergone several revisions over the years. The earliest available figure is from 2007, where the guideline value 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. The 2023 revision saw a significant increase to Rs 500 per sq.ft, and the most recent revision in 2024 set the value at Rs 550 per sq.ft.

Between the revisions, the changes were as follows: from 2007 to 2012, there was a 100% increase; however, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. The overall change from 2007 to 2024 reflects a 120% increase.

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, with the median value being Rs 550 per sq.ft. The guideline value of Kadapperi Madapa Theru aligns with this median.

• Kadapperi Kammala Street: Rs 550 per sq.ft (2024)
• Kadapperi Periaya Colony Mettu Street: Rs 330 per sq.ft (2024)
• Kadapperi Ilango Street: Rs 770 per sq.ft (2024)
• Kadapperi Railway Station Street: Rs 440 per sq.ft (2024)
• Kadapperi Gurukkal Street: Rs 550 per sq.ft (2024)
• Kadapperi Sunambedu Road: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Kadapperi Madapa Theru

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, bringing the total cost for these 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 fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kadapperi Madapa Theru?

The Kadapperi Madapa Theru falls under the jurisdiction of the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in property transactions in Kadaperi. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property. The guideline value ensures that the government receives appropriate revenue from property sales.

When selling property, the guideline value can also influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential for all parties involved to be aware of the current guideline value to facilitate a smooth transaction.

Frequently asked questions

What is the current guideline value of Kadapperi Madapa Theru?

The current guideline value of Kadapperi Madapa Theru 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, reflecting an overall increase of 120% over the years.

What is the land classification for Kadapperi Madapa Theru?

Kadapperi Madapa Theru is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is 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, a property valued at Rs 5,50,000 would incur a stamp duty of Rs 38,500 at 7%.