Guideline Value for KADAPPERI PERIAYA COLONY METTU STREET

Kadapperi Periaya Colony Mettu Street guideline value

The current guideline value of Kadapperi Periaya Colony Mettu Street is Rs 330 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 V Type - I.

How the guideline value of Kadapperi Periaya Colony Mettu Street has changed

The guideline value for Kadapperi Periaya Colony Mettu Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 100 per sq.ft. This increased to Rs 150 per sq.ft in 2012, marking a 50% rise. However, in the 2017 revision, the value jumped significantly to Rs 100 per sq.ft, followed by a remarkable increase to Rs 300 per sq.ft in 2023, representing a 200% increase. The latest revision in 2024 has set the value at Rs 330 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for this street in the years 2002 and 2003. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%.

Guideline values in Kadaperi

In Kadaperi, 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 a median value of Rs 550 per sq.ft. The guideline value for Kadapperi Periaya Colony Mettu Street is below this median.

• Kadapperi Madapa Theru: Rs 550 per sq.ft (2024)
• Kadapperi Railway Station Street: Rs 440 per sq.ft (2024)
• Kadapperi Kammala Street: Rs 550 per sq.ft (2024)
• Kadapperi Sunambedu Road: Rs 770 per sq.ft (2024)
• Kadapperi Ilango Street: Rs 770 per sq.ft (2024)
• Kadapperi Thiruvalluvar Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kadapperi Periaya Colony Mettu Street

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. 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 more details.

Which Sub Registrar Office covers Kadapperi Periaya Colony Mettu Street?

The Sub Registrar Office that covers Kadapperi Periaya Colony Mettu 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 when registering property transactions in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both parties are aware of the financial obligations involved in the transaction. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Kadapperi Periaya Colony Mettu Street?

The current guideline value of Kadapperi Periaya Colony Mettu Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen significant changes, increasing from Rs 100 per sq.ft in 2007 to Rs 330 per sq.ft in 2024, which represents a total increase of 230% since 2007.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 23,100, and the registration fee would be Rs 6,600, totaling Rs 29,700. These fees are based on the guideline value of Rs 3,30,000.

Which office handles registrations for Kadapperi Periaya Colony Mettu Street?

The Madurandakam Sub Registrar Office handles registrations for Kadapperi Periaya Colony Mettu Street. It is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Kadapperi Periaya Colony Mettu Street?

The land classification for Kadapperi Periaya Colony Mettu Street is Residential Class V Type - I, indicating its suitability for residential development.