Guideline Value for Kadappa Road

Kadappa Road guideline value

The current guideline value of Kadappa Road in Kolathur village is Rs 2,700 per sq.ft, effective from 1 July 2024. This property falls under the jurisdiction of the Sembiam SRO and is classified as Residential Class II Type - I.

How the guideline value of Kadappa Road has changed

Over the years, the guideline value of Kadappa Road has seen significant changes. Starting from Rs 253 per sq.ft in 2003, it increased to Rs 700 per sq.ft in 2007, marking a rise of 177%. The value then jumped to Rs 2,500 per sq.ft in 2012, reflecting a substantial increase of 257%. However, it decreased to Rs 1,675 per sq.ft in 2017, which was a decline of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and subsequently, it reached the current rate of Rs 2,700 per sq.ft in 2024, an increase of 8%.

It is important to note that there is no registered figure for Kadappa Road in 2002. Overall, from 2003 to 2024, the guideline value has increased by 967%, showcasing a significant upward trend in the property valuation for this street.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Kadappa Road is below this median.

• Kaithe Millath Street: Rs 2,700 per sq.ft (2024)
• Kaalappa Naicken Street: Rs 2,700 per sq.ft (2024)
• Kalaimagal Nagar: Rs 2,700 per sq.ft (2024)
• Kalainger Karunanithi Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Kalainger Karunanithi Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Kalainger Karunanithi Nagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kadappa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these charges to Rs 2,43,000. 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 accurate calculations.

Which Sub Registrar Office covers Kadappa Road?

The Kadappa Road is covered by the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transaction. This ensures that both the buyer and seller are aware of the financial implications of the property transfer.

Frequently asked questions

What is the current guideline value of Kadappa Road?

The current guideline value of Kadappa Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 253 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 967% over the years.

What are the stamp duty and registration fees for property in Kadappa Road?

The stamp duty for a property valued at Rs 27,00,000 would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Kadappa Road?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Kadappa Road.

What is the land classification of Kadappa Road?

Kadappa Road is classified as Residential Class II Type - I, indicating its suitability for residential development.