Guideline Value for KADAPPERI THIRUVALLUVAR STREET

Kadapperi Thiruvalluvar Street guideline value

The current guideline value of Kadapperi Thiruvalluvar Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kadapperi Thiruvalluvar Street has changed

The guideline value for Kadapperi Thiruvalluvar Street has seen several revisions over the years. In 2007, the value was set at 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 value rose significantly to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, the value increased by 100%. However, from 2012 to 2017, there was a decrease of 33%. The value then saw a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a growth of 10%. Overall, the guideline value has increased by 120% from 2007 to 2024.

Guideline values in Kadaperi

Kadaperi village has a total of 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 for these streets is Rs 550 per sq.ft, which is equal to the current guideline value for Kadapperi Thiruvalluvar Street.

• Kadapperi Sunambedu Road: Rs 770 per sq.ft (2024)
• Kadapperi Vengateswaran Koil Street: Rs 550 per sq.ft (2024)
• Kadapperi Railway Station Street: Rs 440 per sq.ft (2024)
• Kadapperi Vivekanandhan Street: Rs 550 per sq.ft (2024)
• Kadapperi Periaya Colony Mettu Street: Rs 330 per sq.ft (2024)
• Kadapperi Madapa Theru: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kadapperi Thiruvalluvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total fees together 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. You can use the stamp duty and registration fee calculator for further details.

Which Sub Registrar Office covers Kadapperi Thiruvalluvar Street?

The Sub Registrar Office that covers Kadapperi Thiruvalluvar 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 in property transactions in Kadaperi, as it determines the minimum value on which stamp duty and registration fees are calculated. When a buyer or seller engages in a property transaction, the registration office uses the guideline value to assess the applicable fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of purchasing or selling property. Understanding these values helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Kadapperi Thiruvalluvar Street?

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

What are the other streets in Kadaperi with their guideline values?

Other streets in Kadaperi include Kadapperi Sunambedu Road at Rs 770 per sq.ft, Kadapperi Vengateswaran Koil Street at Rs 550 per sq.ft, and Kadapperi Railway Station Street at Rs 440 per sq.ft, among others.

Where can I find the Sub Registrar Office for Kadapperi?

The Sub Registrar Office for Kadapperi is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the 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, for a property valued at Rs 5,50,000, the stamp duty at 7% would be Rs 38,500.