Guideline Value for KADUMBADI STREET

Kadumbadi Street guideline value

The current guideline value of Kadumbadi Street in Karapakkam village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Neelankarai SRO and is classified as Residential Class III Type - I.

How the guideline value of Kadumbadi Street has changed

The guideline value for Kadumbadi Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,000 per sq.ft, and the latest 2024 revision has raised it to Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes between the revisions are as follows: from 2017 to 2023, there was a significant increase of 49%, and from 2012 to 2017, the value decreased by 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Kadumbadi Street's 2024 guideline value is below this median.

• Kadumbadi Amman Koil Street: Rs 1,100 per sq.ft (2024)
• KADUMBADI AMMAN KOIL 2nd STREET: Rs 1,100 per sq.ft (2024)
• Kalaimagal Nagar: Rs 1,700 per sq.ft (2024)
• KALAIMAGAL NAGAR 1st STREET: Rs 1,700 per sq.ft (2024)
• KALAIMAGAL NAGAR 2nd STREET: Rs 1,700 per sq.ft (2024)
• KALAIMAGAL NAGAR 2nd STREET 1st CROSS: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kadumbadi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kadumbadi Street?

The Sub Registrar Office that covers Kadumbadi Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Karapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This helps in maintaining transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Kadumbadi Street?

The current guideline value of Kadumbadi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has experienced fluctuations, starting from Rs 1,000 per sq.ft in 2012, decreasing to Rs 670 per sq.ft in 2017, and then increasing to Rs 1,100 per sq.ft in 2024.

What is the stamp duty for properties in Kadumbadi Street?

The stamp duty for properties in Kadumbadi Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Kadumbadi Street?

The Neelankarai Sub Registrar Office covers Kadumbadi Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the guideline values of other streets in Karapakkam?

Other streets in Karapakkam have varying guideline values, with rates ranging from Rs 1,100 to Rs 1,700 per sq.ft as of 2024, depending on the specific street.