Guideline Value for KADAPPERI VIVEKANANDHAN STREET

Kadapperi Vivekanandhan Street guideline value

The current guideline value of Kadapperi Vivekanandhan 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 Vivekanandhan Street has changed

Looking back at the revisions, the guideline value for Kadapperi Vivekanandhan Street has seen several changes over the years. In 2007, the value was Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, this value saw a decrease to Rs 335 per sq.ft in 2017. The subsequent revision in 2023 raised it to Rs 500 per sq.ft, and now, with the 2024 revision, it stands at Rs 550 per sq.ft. The register does not have figures for the years 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 175%. The change from 2023 to 2024 is a 10% increase, while the jump from 2017 to 2023 was 49%. Notably, the value decreased by 33% from 2012 to 2017, and there was a significant increase of 150% from 2007 to 2012.

Guideline values in Kadaperi

In Kadaperi village, 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, which is equal to the current guideline value of Kadapperi Vivekanandhan Street.

• Kadapperi Vengateswaran Koil Street: Rs 550 per sq.ft (2024)
• Kadapperi Thiruvalluvar 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 Vivekanandhan Street

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

Which Sub Registrar Office covers Kadapperi Vivekanandhan Street?

The Sub Registrar Office that covers Kadapperi Vivekanandhan 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 plays a crucial role in the registration process when buying or selling property in Kadaperi. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This value is set by the government and is updated periodically based on various factors.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kadapperi Vivekanandhan Street?

The current guideline value of Kadapperi Vivekanandhan 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 200 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the stamp duty rate for properties in Kadapperi?

The stamp duty rate for properties in Kadapperi is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kadapperi?

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

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

Other streets in Kadaperi with similar guideline values include Kadapperi Vengateswaran Koil Street, Kadapperi Thiruvalluvar Street, and Kadapperi Madapa Theru, all at Rs 550 per sq.ft as per the 2024 revision.