Guideline Value for KADASTREET

Kadastreet guideline value

The current guideline value of Kadastreet, located in Kolathur village under the Pallipattu SRO, is Rs 104 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Kadastreet has changed

Over the years, the guideline value for Kadastreet has seen several revisions. The earliest recorded revision is from 2007, where the value was Rs 35 per sq.ft. This increased to Rs 90 per sq.ft in 2012, but then decreased to Rs 60 per sq.ft in 2017. Following this, the value rose significantly to Rs 100 per sq.ft in 2023, and most recently, it has been set at Rs 104 per sq.ft in the 2024 revision.

The changes between these revisions are notable. From 2007 to 2012, there was an increase of 157%, followed by a decrease of 33% from 2012 to 2017. The value then surged by 67% from 2017 to 2023, and finally, there was a 4% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 197%. The register for the years 2002 and 2003 does not contain figures for this street.

Guideline values in Kolathur

In Kolathur village, there are 18 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 104 to Rs 150 per sq.ft, with the median being Rs 104 per sq.ft. Kadastreet's 2024 guideline value aligns with this median.

• Jonugunta Street: Rs 104 per sq.ft (2024)
• Kalanzhi Street: Rs 104 per sq.ft (2024)
• Chinna Kanniyappanar Nagar: Rs 104 per sq.ft (2024)
• Methu Street: Rs 104 per sq.ft (2024)
• Bommarajupet.Yadasteeet: Rs 104 per sq.ft (2024)
• Nadu Street: Rs 104 per sq.ft (2024)

Stamp duty and registration fee for property in Kadastreet

For a 1,000 sq.ft plot at the current guideline value of Rs 104 per sq.ft, the total guideline value amounts to Rs 1,04,000. The stamp duty at 7% would be Rs 7,280, and the registration fee at 2% would be Rs 2,080, resulting in a total cost of Rs 9,360. 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 more details.

Which Sub Registrar Office covers Kadastreet?

The Sub Registrar Office that covers Kadastreet is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kolathur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set realistic expectations for their property's worth during negotiations.

Frequently asked questions

What is the current guideline value of Kadastreet?

The current guideline value of Kadastreet is Rs 104 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 35 per sq.ft in 2007 to Rs 104 per sq.ft in 2024, marking an overall increase of 197% over the years.

What is the land classification of Kadastreet?

Kadastreet is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Kadastreet?

The Sub Registrar Office for Kadastreet is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

How is the stamp duty calculated for properties in Kadastreet?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,04,000, the stamp duty would be Rs 7,280.