Guideline Value for KADAPPERI VENGATESWARAN KOIL STREET

Kadapperi Vengateswaran Koil Street guideline value

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

How the guideline value of Kadapperi Vengateswaran Koil Street has changed

The guideline value for Kadapperi Vengateswaran Koil Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased to Rs 500 per sq.ft in 2012, marking a 100% increase. However, in 2017, the value dropped to Rs 335 per sq.ft, representing a decrease of 33%. The value then rose significantly to Rs 500 per sq.ft in 2023, and currently stands at Rs 550 per sq.ft as of the 2024 revision, reflecting a 10% increase from the previous year. The register has no figure for this street in 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 120%. The revisions show a fluctuating trend, with the most recent increase indicating a stabilization at Rs 550 per sq.ft, which aligns with the median value of other streets in Kadaperi.

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 is Rs 550 per sq.ft, and Kadapperi Vengateswaran Koil Street's current value is equal to this median.

• Kadapperi Thiruvalluvar Street: Rs 550 per sq.ft (2024)
• Kadapperi Vivekanandhan Street: Rs 550 per sq.ft (2024)
• Kadapperi Sunambedu Road: Rs 770 per sq.ft (2024)
• Kadapperi Railway Station Street: Rs 440 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 Vengateswaran Koil 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, leading to a total of Rs 49,500. 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 precise calculations.

Which Sub Registrar Office covers Kadapperi Vengateswaran Koil Street?

The Madurandakam Sub Registrar Office covers Kadapperi Vengateswaran Koil Street. The office is 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, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements and to calculate applicable fees.

When a property is sold, the guideline value serves as a benchmark for calculating stamp duty and registration fees. These fees are based on the higher of the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kadapperi Vengateswaran Koil Street?

The current guideline value of Kadapperi Vengateswaran Koil 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 is the registration office for Kadapperi Vengateswaran Koil Street?

The registration office for Kadapperi Vengateswaran Koil Street is the Madurandakam Sub Registrar Office, 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 higher of the guideline value or the sale price of the property. For example, a property valued at Rs 5,50,000 would incur a stamp duty of Rs 38,500 at the rate of 7%.

What other streets have the same guideline value in Kadaperi?

Other streets in Kadaperi with the same guideline value of Rs 550 per sq.ft in 2024 include Kadapperi Thiruvalluvar Street, Kadapperi Vivekanandhan Street, and Kadapperi Madapa Theru.