Guideline Value for Kadai street

Kadai street guideline value

The current guideline value of Kadai street in Thirupachur village is Rs 1,000 per sq.ft, as per the 2024 revision effective from 1 July 2024. This street falls under the Tiruvallur Joint 1 SRO and is classified as Residential Special Type - III.

How the guideline value of Kadai street has changed

Looking back at the revisions, the guideline value for Kadai street was Rs 50 per sq.ft in 2007. This figure saw a significant increase of 1900% to Rs 1,000 per sq.ft in 2012. However, in 2017, it was revised down to Rs 670 per sq.ft, reflecting a decrease of 33% from the previous figure. The value then increased by 49% to Rs 1,000 per sq.ft in 2023, and it remained unchanged in the 2024 revision.

The register has no figures for the years 2002 and 2003 for this street. As of the latest revision in 2024, the guideline value stands at Rs 1,000 per sq.ft, consistent with the 2023 revision.

Guideline values in Thirupachur

In Thirupachur, there are 19 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 2,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, positioning Kadai street's value above this median.

• J. J.Nagar: Rs 400 per sq.ft (2024)
• Kosa street: Rs 550 per sq.ft (2024)
• Kottai Colony: Rs 300 per sq.ft (2024)
• Kumaran Nagar: Rs 400 per sq.ft (2024)
• Manthoppu street: Rs 550 per sq.ft (2024)
• Chandu street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Kadai street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kadai street?

Kadai street is covered by the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirupachur. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties.

Frequently asked questions

What is the current guideline value of Kadai street?

The current guideline value of Kadai street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, increased to Rs 1,000 per sq.ft in 2023, and remained the same in 2024.

What is the land classification for Kadai street?

Kadai street is classified as Residential Special Type - III under the land classification regulations.

What are the stamp duty and registration fees for properties on Kadai street?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles the registration for Kadai street?

The registration for Kadai street is handled by the Tiruvallur Joint 1 Sub Registrar Office located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.