Guideline Value for KADAPPERI RAILWAY STATION STREET

Kadapperi Railway Station Street guideline value

The current guideline value of Kadapperi Railway Station Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Madurandakam Sub Registrar Office. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kadapperi Railway Station Street has changed

The guideline value for Kadapperi Railway Station Street has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017, before rising significantly to Rs 400 per sq.ft in 2023. The latest revision in 2024 has further increased the value to Rs 440 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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. The median value among these streets is Rs 550 per sq.ft, indicating that the guideline value for Kadapperi Railway Station Street is below this median.

• Kadapperi Periaya Colony Mettu Street: Rs 330 per sq.ft (2024)
• Kadapperi Sunambedu Road: Rs 770 per sq.ft (2024)
• Kadapperi Madapa Theru: Rs 550 per sq.ft (2024)
• Kadapperi Thiruvalluvar Street: Rs 550 per sq.ft (2024)
• Kadapperi Kammala Street: Rs 550 per sq.ft (2024)
• Kadapperi Vengateswaran Koil Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kadapperi Railway Station Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kadapperi Railway Station Street?

The Kadapperi Railway Station Street is covered by 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

When buying or selling property in Kadaperi, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value serves as a benchmark for the minimum price at which the property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it can impact the overall cost of the transaction. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Kadapperi Railway Station Street?

The current guideline value of Kadapperi Railway Station Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, marking an overall increase of 120% over the years.

What are the stamp duty and registration fees for property in Kadapperi Railway Station 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 39,600.

Which office handles registrations for Kadapperi Railway Station Street?

The Madurandakam Sub Registrar Office handles registrations for Kadapperi Railway Station Street, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification for Kadapperi Railway Station Street?

The land classification for Kadapperi Railway Station Street is Residential Class II Type - I, indicating its suitability for residential purposes.