Guideline Value for Kadampadi Amman Nagar 2nd Street

Kadampadi Amman Nagar 2nd Street guideline value

The current guideline value of Kadampadi Amman Nagar 2nd Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Kadampadi Amman Nagar 2nd Street has changed

The guideline value for Kadampadi Amman Nagar 2nd Street has seen significant changes over the years. The 2007 revision set the value at Rs 650 per sq.ft, which increased to Rs 3,500 per sq.ft in 2012, marking a substantial rise of 438%. However, this value decreased to Rs 2,345 per sq.ft in 2017, reflecting a decline of 33%. The 2023 revision brought the value back up to Rs 3,500 per sq.ft, and the latest 2024 revision has further increased it to Rs 3,850 per sq.ft, a rise of 10%.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 492%, highlighting the fluctuations in property values over the years.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which is equal to the guideline value of Kadampadi Amman Nagar 2nd Street.

• Kadampadi Amman Nagar 1st Street: Rs 3,850 per sq.ft (2024)
• Kadampadi Amman Nagar 3rd Street: Rs 3,850 per sq.ft (2024)
• Kadampadi Amman Koil Street: Rs 3,850 per sq.ft (2024)
• Kadampadi Amman Nagar 5th Street: Rs 3,850 per sq.ft (2024)
• Kadampadi Amman Koil Cross Street: Rs 3,850 per sq.ft (2024)
• Kadampadi Amman Nagar 6th Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Kadampadi Amman Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kadampadi Amman Nagar 2nd Street?

The Kadampadi Amman Nagar 2nd Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value of Kadampadi Amman Nagar 2nd Street?

The current guideline value of Kadampadi Amman Nagar 2nd Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 650 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 492% over the years.

What are the stamp duty rates for properties in Kadampadi Amman Nagar 2nd Street?

The stamp duty for properties in Kadampadi Amman Nagar 2nd Street is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kadampadi Amman Nagar 2nd Street?

The Sub Registrar Office covering Kadampadi Amman Nagar 2nd Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for Kadampadi Amman Nagar 2nd Street?

Kadampadi Amman Nagar 2nd Street is classified as Residential Class II Type - I.