Guideline Value for Kadai Street Bazaar Veethi

Kadai Street Bazaar Veethi guideline value

The current guideline value of Kadai Street Bazaar Veethi is Rs 1,250 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Kadai Street Bazaar Veethi has changed

The guideline value for Kadai Street Bazaar Veethi has seen several revisions over the years. In the 2017 revision, the guideline value was Rs 837 per sq.ft. This remained unchanged in the 2023 revision, which also recorded Rs 1,250 per sq.ft. The 2024 revision again confirms the value at Rs 1,250 per sq.ft, indicating no change from the previous year. The register has no figure for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2017 to 2024, the increase remains the same at 49%. The guideline value has not changed from 2023 to 2024, showing a stable rate at Rs 1,250 per sq.ft.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Kadai Street Bazaar Veethi's 2024 figure of Rs 1,250 per sq.ft is above this median.

• Jokkiyar Natham: Rs 300 per sq.ft (2024)
• Kalvai Street: Rs 600 per sq.ft (2024)
• Jeeva Nagar: Rs 600 per sq.ft (2024)
• Kammalar Street: Rs 1,005 per sq.ft (2024)
• Jaheer Hussain Street: Rs 800 per sq.ft (2024)
• Irular Colony (Erikkarai Street): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kadai Street Bazaar Veethi

For a 1,000 sq.ft plot at the current guideline value of Rs 1,250 per sq.ft, the total guideline value would be Rs 12,50,000. The stamp duty at 7% would amount to Rs 87,500, while the registration fee at 2% would be Rs 25,000, bringing the total cost to Rs 1,12,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kadai Street Bazaar Veethi?

The Kadai Street Bazaar Veethi is covered by the Thirukazhukundram Sub Registrar Office located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirukalukundrem A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kadai Street Bazaar Veethi?

The current guideline value of Kadai Street Bazaar Veethi is Rs 1,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 837 per sq.ft in 2017 to Rs 1,250 per sq.ft in 2023 and remained the same in 2024. There was a 49% increase from 2017 to 2023 and from 2017 to 2024.

What are the stamp duty and registration fees for property in Kadai Street Bazaar Veethi?

For a plot of 1,000 sq.ft, the total guideline value is Rs 12,50,000. The stamp duty would be Rs 87,500 and the registration fee would be Rs 25,000, totaling Rs 1,12,500.

Which Sub Registrar Office covers Kadai Street Bazaar Veethi?

The Thirukazhukundram Sub Registrar Office covers Kadai Street Bazaar Veethi, located at Thiruchengode - 637 211, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the sale is recorded accurately and helps avoid discrepancies in the registration process.