Guideline Value for Kadhar Bai Street

Kadhar Bai Street guideline value

The current guideline value of Kadhar Bai Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Kadhar Bai Street has changed

The guideline value for Kadhar Bai Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 2,500 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,675 per sq.ft, marking a drop of 33%. The value then increased significantly to Rs 2,500 per sq.ft in 2023, followed by the latest revision in 2024, which raised it to Rs 2,750 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%, and overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Kadhar Bai Street's 2024 figure above the median.

• Kadhar Bhasha Lane: Rs 1,100 per sq.ft (2024)
• Kadhar Bhasha St: Rs 2,750 per sq.ft (2024)
• Kadapon Thiruvalluvar Street: Rs 1,100 per sq.ft (2024)
• Kalaingar street: Rs 1,100 per sq.ft (2024)
• kalangal Street: Rs 880 per sq.ft (2024)
• Kalyana Sundaram Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Kadhar Bai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total Rs 2,47,500. 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 details.

Which Sub Registrar Office covers Kadhar Bai Street?

The Kadhar Bai Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property. The guideline value is typically used to assess the value of the property for registration purposes.

When you register a property, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Kadhar Bai Street?

The current guideline value of Kadhar Bai Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024. There was also a significant increase from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023.

What is the land classification of Kadhar Bai Street?

Kadhar Bai Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for Kadhar Bai Street?

The stamp duty for a property on Kadhar Bai Street is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,47,500.

Which Sub Registrar Office covers Kadhar Bai Street?

The Tambaram Joint 1 Sub Registrar Office covers Kadhar Bai Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.