Guideline Value for Kadhpada 3rd Cross Street

Kadhpada 3rd Cross Street guideline value

The current guideline value for Kadhpada 3rd Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Kadhpada 3rd Cross Street has changed

In the 2007 revision, the guideline value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2012 revision, marking a 100% increase. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, reflecting a 33% decline. The most recent revision in 2024 saw the guideline value rise to Rs 1,300 per sq.ft, an increase of 62% from the 2017 figure.

It is important to note that the register has no figures for Kadhpada 3rd Cross Street in the years 2023, 2003, and 2002. Overall, the guideline value has increased by 117% from the 2007 revision to the 2024 revision.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft, with a median value of Rs 1,600 per sq.ft. Kadhpada 3rd Cross Street's 2024 figure is below this median.

• Kadhpada 2nd Cross Street: Rs 1,300 per sq.ft (2024)
• Kadhpada Labour Cross Street: Rs 1,300 per sq.ft (2024)
• Kadhpada Labour Lane: Rs 1,300 per sq.ft (2024)
• Kailaya Lane: Rs 1,300 per sq.ft (2024)
• Justice Pandalai Street: Rs 3,800 per sq.ft (2024)
• Jeeva Sowcar Thottam: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kadhpada 3rd Cross Street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please 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 detailed calculations.

Which Sub Registrar Office covers Kadhpada 3rd Cross Street?

Kadhpada 3rd Cross Street falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is an essential reference for property transactions in Tondaiarpet. It is used to determine the stamp duty and registration fees payable when buying or selling property in the area.

When registering a property, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately and fairly. 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 Kadhpada 3rd Cross Street?

The current guideline value of Kadhpada 3rd Cross Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What is the land classification for Kadhpada 3rd Cross Street?

Kadhpada 3rd Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Kadhpada 3rd Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.