Guideline Value for Kadaisi Street

Kadaisi Street guideline value

The current guideline value of Kadaisi Street in Seemapuram village is Rs 110 per sq.ft, effective from 1 July 2024. This street falls under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Kadaisi Street has changed

The guideline value for Kadaisi Street has undergone several revisions over the years. In 2007, the guideline value was Rs 50 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, this value saw a decrease to Rs 67 per sq.ft in 2017, before rising significantly to Rs 100 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 110 per sq.ft, reflecting a 10% increase from the previous year.

From 2007 to 2024, the overall increase in the guideline value is 120%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Seemapuram

In Seemapuram, there are 13 streets under the Redhills SRO that have a 2024 guideline value ranging from Rs 110 to Rs 1,600 per sq.ft. The median value for these streets is Rs 220 per sq.ft, making the guideline value of Kadaisi Street below the median.

• Kavarai Street: Rs 220 per sq.ft (2024)
• Kinaru Street: Rs 220 per sq.ft (2024)
• Kurukku Street: Rs 220 per sq.ft (2024)
• Mettu Street: Rs 220 per sq.ft (2024)
• Chakkili Street: Rs 110 per sq.ft (2024)
• Mother Therasa Garden: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kadaisi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 110 per sq.ft, the total guideline value would be Rs 1,10,000. The stamp duty at 7% would be Rs 7,700, and the registration fee at 2% would be Rs 2,200, totaling Rs 9,900. Please 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 details.

Which Sub Registrar Office covers Kadaisi Street?

Kadaisi Street is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of properties in Seemapuram. It is the value that is used to calculate the stamp duty and registration fees when a property is sold or transferred. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with registration requirements.

When a property is bought or sold, the guideline value is often compared to the sale price. The higher of the two values is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kadaisi Street?

The current guideline value of Kadaisi Street is Rs 110 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 110 per sq.ft in 2024, showing an overall increase of 120% over the years.

What is the median guideline value for streets in Seemapuram?

The median guideline value for streets in Seemapuram is Rs 220 per sq.ft, with Kadaisi Street's value being below this median.

What are the stamp duty and registration fees for properties in Kadaisi Street?

For a property valued at Rs 1,10,000, the stamp duty would be Rs 7,700 and the registration fee would be Rs 2,200, totaling Rs 9,900.

Which office handles the registration for Kadaisi Street?

The registration for Kadaisi Street is handled by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.