Guideline Value for Kadai Amman Nagar

Kadai Amman Nagar guideline value

The current guideline value of Kadai Amman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Hastinapuram village under the Pallavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Kadai Amman Nagar has changed

Over the years, the guideline value of Kadai Amman Nagar has seen significant changes. In the 2007 revision, the guideline value was Rs 400 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2012 revision. However, it then decreased to Rs 1,005 per sq.ft in the 2017 revision. The value rose to Rs 1,500 per sq.ft in the 2023 revision and is now set at Rs 1,650 per sq.ft in the 2024 revision. The register has no figure for this street in 2002 and 2003.

From the 2017 revision to 2023, the guideline value increased by 49%. The change from 2012 to 2017 saw a decrease of 33%. The 2007 to 2012 period experienced a substantial increase of 275%. Overall, from 2007 to 2024, there has been an increase of 313% in the guideline value.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft, with a median value of Rs 2,970 per sq.ft. The guideline value of Kadai Amman Nagar is below this median.

• Kadariammbal Nagar: Rs 2,970 per sq.ft (2024)
• Kamakodi Street: Rs 2,920 per sq.ft (2024)
• Janatha Nagar: Rs 2,920 per sq.ft (2024)
• Kambar Street: Rs 1,650 per sq.ft (2024)
• Janakiraman Street: Rs 2,970 per sq.ft (2024)
• Jain Nagar Extension: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Kadai Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,650 per sq.ft, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. 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 information.

Which Sub Registrar Office covers Kadai Amman Nagar?

The Kadai Amman Nagar area falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Hastinapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

Frequently asked questions

What is the current guideline value of Kadai Amman Nagar?

The current guideline value of Kadai Amman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 313% since 2007.

What is the land classification of Kadai Amman Nagar?

Kadai Amman Nagar is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the registration office for Kadai Amman Nagar?

The registration office for Kadai Amman Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Kadai Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.