Guideline Value for KAVADIKKARA ST

Kavadikkara St guideline value

The current guideline value of Kavadikkara St is Rs 750 per sq.ft. This street is located in Walajabad village, under the jurisdiction of the Walajabad SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Kavadikkara St has changed

The guideline value for Kavadikkara St has undergone several revisions over the years. In 2012, the guideline value was set at Rs 750 per sq.ft. However, in 2017, it decreased to Rs 502 per sq.ft, marking a change of -33%. The value then increased significantly to Rs 750 per sq.ft in 2023, reflecting a rise of 49%. The latest revision in 2024 has maintained the guideline value at Rs 750 per sq.ft, showing a change of +0% from the previous year.

It is important to note that the register has no figures for Kavadikkara St for the years 2002, 2003, and 2007. The 2024 revision is consistent with the values seen in 2012 and 2023, indicating stability in the guideline value over the recent years.

Guideline values in Walajabad

Walajabad village has a total of 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the guideline value of Kavadikkara St.

• Kavarai St: Rs 750 per sq.ft (2024)
• Kasukkara Street: Rs 750 per sq.ft (2024)
• Keezhandai Kodi Srteet: Rs 750 per sq.ft (2024)
• Karuppan Kovil Street: Rs 750 per sq.ft (2024)
• Kottivakkam Eri Street: Rs 750 per sq.ft (2024)
• Kannigapuram Second Cross Street: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Kavadikkara St

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kavadikkara St?

The Sub Registrar Office that covers Kavadikkara St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Walajabad. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kavadikkara St?

The current guideline value of Kavadikkara St is Rs 750 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and remains at Rs 750 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Kavadikkara St?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which office handles the registration for Kavadikkara St?

The Walajabad Sub Registrar Office handles the registration for Kavadikkara St, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

What is the land classification for Kavadikkara St?

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