Guideline Value for Kadhar Bhasha St

Kadhar Bhasha St guideline value

The current guideline value for Kadhar Bhasha St is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Kadhar Bhasha St has changed

The guideline value for Kadhar Bhasha St has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking an increase of 733%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The value then rose sharply to Rs 2,500 per sq.ft in 2023, an increase of 49%. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 817%.

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. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Kadhar Bhasha St's 2024 figure above that median.

• Kadhar Bhasha Lane: Rs 1,100 per sq.ft (2024)
• Kadhar Bai Street: 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 St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total fees Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kadhar Bhasha St?

The Kadhar Bhasha St 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. For more information, you can find your SRO.

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

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

When a buyer or seller approaches the Sub Registrar Office, the guideline value is referenced to ensure that the appropriate fees are calculated based on the current rates. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value for Kadhar Bhasha St?

The current guideline value for Kadhar Bhasha St is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 300 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, an overall increase of 817%.

What is the land classification for Kadhar Bhasha St?

The land classification for Kadhar Bhasha St is Residential Special Type - I.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that the fees are based on a standardized rate, promoting transparency.

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

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