Guideline Value for Kaddappa Road

Kaddappa Road guideline value

The current guideline value of Kaddappa Road in Puthagaram village under the Ambattur SRO is Rs 2,201 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Kaddappa Road has changed

The guideline value for Kaddappa Road has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft. This figure then decreased to Rs 1,340 per sq.ft in 2017, marking a decline of 33%. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and then further rose to Rs 2,201 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Kaddappa Road. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft as of 2024. The median value for these streets is Rs 1,900 per sq.ft, and Kaddappa Road's 2024 guideline value is above this median.

• Jeyaparvthy Nagar: Rs 1,700 per sq.ft (2024)
• Jeyalakshmi Nagar: Rs 1,900 per sq.ft (2024)
• Kamalam Nagar Extn: Rs 1,900 per sq.ft (2024)
• Jayaram Nager: Rs 1,900 per sq.ft (2024)
• Jaya Nagar: Rs 1,600 per sq.ft (2024)
• Kamaraj Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Kaddappa Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,201 per sq.ft, the total guideline value amounts to Rs 22,01,000. The stamp duty at 7% would be Rs 1,54,070, and the registration fee at 2% would be Rs 44,020, making the total cost for these fees Rs 1,98,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kaddappa Road?

Kaddappa Road is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a critical component in the registration process when buying or selling property in Puthagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value helps ensure that the fees reflect the current market standards. This value is essential for both buyers and sellers to understand their financial obligations during the property transaction process.

Frequently asked questions

What is the current guideline value of Kaddappa Road?

The current guideline value of Kaddappa Road is Rs 2,201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,201 per sq.ft in 2024.

What is the land classification for Kaddappa Road?

Kaddappa Road is classified as Mixed Type - I, which indicates the type of land use permitted in this area.

What is the stamp duty rate for properties in Kaddappa Road?

The stamp duty rate for properties in Kaddappa Road is 7%, which is calculated on the higher of the guideline value or the sale price.

Which office handles registrations for Kaddappa Road?

The Ambattur Sub Registrar Office handles registrations for Kaddappa Road, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.