Guideline Value for Kadhar Bhasha Lane

Kadhar Bhasha Lane guideline value

The current guideline value of Kadhar Bhasha Lane in Kadaperi village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Kadhar Bhasha Lane has changed

The guideline value for Kadhar Bhasha Lane has undergone several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 233% rise. However, from 2012 to 2017, the value decreased to Rs 670 per sq.ft, reflecting a 33% drop. The value then rose again to Rs 1,000 per sq.ft in 2023, a 49% increase, before reaching the current figure of Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft, with a median value of Rs 1,650 per sq.ft. Kadhar Bhasha Lane's current guideline value is below this median.

• Kadhar Bai Street: Rs 2,750 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 Bhasha Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. Please note that 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 detailed calculations.

Which Sub Registrar Office covers Kadhar Bhasha Lane?

The Kadhar Bhasha Lane 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 in property transactions in Kadaperi, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value serves as a reference point for calculating applicable stamp duty and registration fees.

Additionally, the guideline value helps ensure transparency in property transactions, as it provides a standardized measure for both buyers and sellers. It is essential for buyers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kadhar Bhasha Lane?

The current guideline value of Kadhar Bhasha Lane is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What is the land classification for Kadhar Bhasha Lane?

Kadhar Bhasha Lane is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Kadhar Bhasha Lane?

The Sub Registrar Office covering Kadhar Bhasha Lane is the Tambaram Joint 1 SRO, located at No.26, mes Road, East Tambaram, Chennai-600059.

How do I calculate stamp duty and registration fees?

Stamp duty and registration fees can be calculated based on the guideline value. For instance, for a property with a guideline value of Rs 11,00,000, the stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000.