Guideline Value for Kadhpada Labour Lane

Kadhpada Labour Lane guideline value

The current guideline value of Kadhpada Labour Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kadhpada Labour Lane has changed

In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure decreased to Rs 804 per sq.ft in the 2017 revision. However, there was a significant increase in the 2024 revision, where the guideline value rose to Rs 1,300 per sq.ft, marking a 62% increase from 2017. Overall, from 2012 to 2024, there was an 8% increase in the guideline value.

The register has no figures for the years 2023, 2007, 2003, and 2002 for Kadhpada Labour Lane. This lack of data indicates that there were no recorded changes in the guideline value for those years.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, placing Kadhpada Labour Lane's 2024 figure below the median.

• Kadhpada Labour Cross Street: Rs 1,300 per sq.ft (2024)
• Kadhpada 3rd Cross Street: Rs 1,300 per sq.ft (2024)
• Kadhpada 2nd Cross Street: 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 Labour Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total 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, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kadhpada Labour Lane?

The Kadhpada Labour Lane is covered by 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 plays a crucial role in property transactions in Tondaiarpet. It is used as a benchmark for calculating stamp duty and registration fees when buying or selling property. The guideline value is determined by the government and is subject to periodic revisions.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kadhpada Labour Lane?

The current guideline value of Kadhpada Labour Lane 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 seen changes from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then to Rs 1,300 per sq.ft in 2024, marking a significant increase in the most recent revision.

What is the registration office for Kadhpada Labour Lane?

The registration office covering Kadhpada Labour Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Kadhpada Labour Lane?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 1,17,000 in stamp duty and registration fees.

What are the other streets with the same guideline value in Tondaiarpet?

Other streets in Tondaiarpet with the same guideline value of Rs 1,300 per sq.ft include Kadhpada Labour Cross Street, Kadhpada 3rd Cross Street, Kadhpada 2nd Cross Street, Kailaya Lane, and Jeeva Sowcar Thottam.