Guideline Value for Kadapon Thiruvalluvar Street

Kadapon Thiruvalluvar Street guideline value

The current guideline value of Kadapon Thiruvalluvar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kadapon Thiruvalluvar Street has changed

The guideline value for Kadapon Thiruvalluvar Street has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 67%. However, in 2017, the value decreased to Rs 670 per sq.ft, a drop of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, which then increased to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 83%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 7,700 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Kadapon Thiruvalluvar Street's 2024 figure below this median.

• Kadhar Bai Street: Rs 2,750 per sq.ft (2024)
• Kadhar Bhasha Lane: Rs 1,100 per sq.ft (2024)
• Kadhar Bhasha St: Rs 2,750 per sq.ft (2024)
• Kalaingar street: Rs 1,100 per sq.ft (2024)
• kalangal Street: Rs 880 per sq.ft (2024)
• Kalyana Sundaram Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kadapon Thiruvalluvar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total costs together to Rs 99,000. 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 Kadapon Thiruvalluvar Street?

The Sub Registrar Office covering Kadapon Thiruvalluvar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kadaperi. It is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value set by the government.

Frequently asked questions

What is the current guideline value of Kadapon Thiruvalluvar Street?

The current guideline value of Kadapon Thiruvalluvar Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 83% over the years.

What is the land classification for Kadapon Thiruvalluvar Street?

The land classification for Kadapon Thiruvalluvar Street is Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty rates for properties in Kadaperi?

The stamp duty rate for properties in Kadaperi is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

How many streets are there in Kadaperi under the Tambaram Joint 1 SRO?

There are 142 streets in Kadaperi that fall under the Tambaram Joint 1 SRO, each with varying guideline values.