Guideline Value for Kadappah Road, Lakshmipuram (Ward-25)

Kadappah Road, Lakshmipuram (Ward-25) guideline value

The current guideline value of Kadappah Road, Lakshmipuram (Ward-25) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kadappah Road, Lakshmipuram (Ward-25) has changed

The guideline value for Kadappah Road, Lakshmipuram was last revised in 2024, increasing to Rs 1,300 per sq.ft from Rs 1,200 per sq.ft in the 2012 revision, which represents an 8% increase. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only available revisions for Kadappah Road, Lakshmipuram are from 2012 and 2024, with the 2024 figure being higher than the previous one. The absence of figures in the other listed years indicates that no changes were recorded for this street during those periods.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value for Kadappah Road, Lakshmipuram is below this median.

• Kadappah Road (Ward No.25): Rs 1,600 per sq.ft (2024)
• Jothiramalingam Nagar (Kuthira Kuthi Thazai): Rs 1,300 per sq.ft (2024)
• Jothi Nagar (Ward-29): Rs 1,300 per sq.ft (2024)
• Jothi Nagar, Ponniammanmedu (Ward-24): Rs 1,300 per sq.ft (2024)
• Jothi Nagar Extention (Ward 29): Rs 1,300 per sq.ft (2024)
• Kalaignar St, Lakshmipuram (Ward-25): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kadappah Road, Lakshmipuram (Ward-25)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making a total of Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kadappah Road, Lakshmipuram (Ward-25)?

The Sub Registrar Office that covers Kadappah Road, Lakshmipuram is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Madhavaram. It is used to determine the stamp duty and registration fees that need to be paid when transferring property ownership.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Kadappah Road, Lakshmipuram?

The current guideline value for Kadappah Road, Lakshmipuram (Ward-25) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Kadappah Road, Lakshmipuram increased from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, representing an 8% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the median guideline value in Madhavaram?

The median guideline value for streets in Madhavaram is Rs 1,600 per sq.ft as of 2024. Kadappah Road's guideline value is below this median.

What are the registration fees for properties in Kadappah Road?

The registration fees for properties on Kadappah Road include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 1,17,000 in fees.

Where can I find the Sub Registrar Office for Kadappah Road?

The Sub Registrar Office for Kadappah Road, Lakshmipuram is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO through the provided link.