Guideline Value for KADAPPERI SUNAMBEDU ROAD

Kadapperi Sunambedu Road guideline value

The current guideline value of Kadapperi Sunambedu Road is Rs 770 per sq.ft, effective from 1 July 2024. This road is located in Kadaperi village and falls under the Madurandakam SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Kadapperi Sunambedu Road has changed

The guideline value for Kadapperi Sunambedu Road has undergone several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, in 2017, the value dropped to Rs 469 per sq.ft. The 2023 revision raised it to Rs 700 per sq.ft, and the latest revision in 2024 has increased it further to Rs 770 per sq.ft, marking a 10% rise from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2012 to 2017, there was a decrease of 33%, followed by a significant increase of 49% from 2017 to 2023. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 157%.

Guideline values in Kadaperi

Kadaperi village has 24 streets under the Madurandakam SRO with 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 Sunambedu Road is above this median.

• Kadapperi Railway Station Street: Rs 440 per sq.ft (2024)
• Kadapperi Thiruvalluvar Street: Rs 550 per sq.ft (2024)
• Kadapperi Periaya Colony Mettu Street: Rs 330 per sq.ft (2024)
• Kadapperi Vengateswaran Koil Street: Rs 550 per sq.ft (2024)
• Kadapperi Madapa Theru: Rs 550 per sq.ft (2024)
• Kadapperi Vivekanandhan Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kadapperi Sunambedu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value would be Rs 7,70,000. The stamp duty at 7% would amount to Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, the total cost for stamp duty and registration would be Rs 69,300. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Kadapperi Sunambedu Road?

The Sub Registrar Office that covers Kadapperi Sunambedu Road 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 details.

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

The guideline value is an essential reference for property transactions in Kadaperi. It is used to determine the stamp duty and registration fees when buying or selling property, ensuring that the transaction is recorded accurately in the official registry.

When a buyer or seller approaches the registration office, the guideline value helps in assessing the appropriate fees based on the current rates. This process ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Kadapperi Sunambedu Road?

The current guideline value of Kadapperi Sunambedu Road 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 from Rs 300 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 157% over the years.

What is the land classification for Kadapperi Sunambedu Road?

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

Where can I find the Sub Registrar Office for Kadapperi?

The Madurandakam Sub Registrar Office covers Kadapperi Sunambedu Road and 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 7,70,000 would incur a stamp duty of Rs 53,900 at 7%.