Guideline Value for Kadappah Road ( Ward No.25 )

Kadappah Road ( Ward No.25 ) guideline value

The current guideline value of Kadappah Road ( Ward No.25 ) is Rs 1,600 per sq.ft, effective from 1 July 2024. This road is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Kadappah Road ( Ward No.25 ) has changed

The guideline value for Kadappah Road has seen significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft. The latest revision in 2024 has increased this to Rs 1,600 per sq.ft, marking a change of +59% from the 2017 figure. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has risen from Rs 1,005 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2024. This increase reflects the current valuation trends within the locality.

Guideline values in Madhavaram

In Madhavaram, there are a total of 1,946 streets under the Madhavaram SRO that have a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, which aligns with the current value of Kadappah Road.

• Kadappah Road, Lakshmipuram (Ward-25): Rs 1,300 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 ( Ward No.25 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kadappah Road ( Ward No.25 )?

The Sub Registrar Office that covers Kadappah Road ( Ward No.25 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor during property registration in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these charges are based on the higher of the guideline value or the actual sale price, making it essential to understand the current guideline value.

Frequently asked questions

What is the current guideline value of Kadappah Road ( Ward No.25 )?

The current guideline value of Kadappah Road ( Ward No.25 ) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,600 per sq.ft in 2024, which is a change of +59%.

Are there any years without a guideline value for Kadappah Road?

Yes, the register has no figures for Kadappah Road for the years 2023, 2012, 2007, 2003, and 2002.

What is the classification of land on Kadappah Road?

Kadappah Road is classified as Residential Class II Type - I.

Where is the Madhavaram SRO located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.