Guideline Value for Kadar Basha Street

Kadar Basha Street guideline value

The current guideline value of Kadar Basha Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, classified as Residential Class III Type - II.

How the guideline value of Kadar Basha Street has changed

Over the years, the guideline value of Kadar Basha Street has seen significant revisions. In 2002, the guideline value was Rs 174 per sq.ft. This figure increased to Rs 197 per sq.ft in 2003, marking a 13% rise. The value then jumped to Rs 260 per sq.ft in 2007, reflecting a 32% increase. By 2017, the guideline value had surged to Rs 1,072 per sq.ft, representing a remarkable 312% growth. However, there is no recorded figure for the year 2012.

From 2017 to 2023, the guideline value rose to Rs 1,600 per sq.ft, which is a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 1,760 per sq.ft, showing a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has escalated by 911%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in the village is Rs 2,090 per sq.ft, placing Kadar Basha Street's 2024 figure below this median.

• Kakkan 2nd Cross Street, H.L. Colony: Rs 2,530 per sq.ft (2024)
• Kakkan Cross Street /Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Kakkan Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Kaladharan Street / Meenakshi Nagar: Rs 1,980 per sq.ft (2024)
• Jothi Street / Thandai Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Kalaingar Salai /Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Kadar Basha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Therefore, the total cost for stamp duty and registration fee would be Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kadar Basha Street?

Kadar Basha Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process reflects the actual market conditions and protects the interests of both buyers and sellers.

Frequently asked questions

What is the current guideline value of Kadar Basha Street?

The current guideline value of Kadar Basha Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 174 per sq.ft in 2002 to Rs 1,760 per sq.ft in 2024, marking an overall increase of 911%.

What is the registration fee for properties in Kadar Basha Street?

The registration fee for properties in Kadar Basha Street is 2% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Kadar Basha Street?

The Pammal Sub Registrar Office handles registrations for Kadar Basha Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pammal?

Stamp duty in Pammal is calculated at 7% of the higher value between the guideline value and the sale price of the property.