Guideline Value for Kadampadi Amman Nagar 6th Street

Kadampadi Amman Nagar 6th Street guideline value

The current guideline value of Kadampadi Amman Nagar 6th 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 is classified as Residential Class II Type - I.

How the guideline value of Kadampadi Amman Nagar 6th Street has changed

The guideline value for Kadampadi Amman Nagar 6th Street has seen several revisions over the years. In 2007, the value was set at Rs 650 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a substantial rise of 438%. However, between 2012 and 2017, the value decreased to Rs 2,345 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 has brought the guideline value up to Rs 3,850 per sq.ft, representing a 64% increase from the 2017 figure.

There are no figures available for the revisions in 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 492%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, which is the same as the current value for Kadampadi Amman Nagar 6th Street.

• Kadampadi Amman Nagar 5th Street: Rs 3,850 per sq.ft (2024)
• Kadampadi Amman Nagar 7th Street: Rs 3,850 per sq.ft (2024)
• Kadampadi Amman Nagar 3rd Street: Rs 3,850 per sq.ft (2024)
• Kadampadi Amman Nagar 8th Street: Rs 3,850 per sq.ft (2024)
• Kadampadi Amman Nagar 2nd Street: Rs 3,850 per sq.ft (2024)
• Kadampadi Amman Nagar 1st Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Kadampadi Amman Nagar 6th 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, while the registration fee at 2% would be Rs 77,000, bringing the total cost for these fees to Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Kadampadi Amman Nagar 6th Street?

The Sub Registrar Office that covers Kadampadi Amman Nagar 6th Street is 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 is a critical factor in property transactions in Valasaravakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to assess the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any potential legal issues during the transaction process.

Frequently asked questions

What is the current guideline value of Kadampadi Amman Nagar 6th Street?

The current guideline value of Kadampadi Amman Nagar 6th 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 other streets in Valasaravakkam with the same guideline value?

Several other streets in Valasaravakkam also have a guideline value of Rs 3,850 per sq.ft, including Kadampadi Amman Nagar 1st, 2nd, 3rd, 5th, 7th, and 8th Streets.

What is the stamp duty rate for properties in Kadampadi Amman Nagar 6th Street?

The stamp duty rate for properties in Kadampadi Amman Nagar 6th Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Kadampadi Amman Nagar 6th Street?

The Sub Registrar Office for Kadampadi Amman Nagar 6th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.