Guideline Value for Kadumbadi Amman 1st Cross Street

Kadumbadi Amman 1st Cross Street guideline value

The current guideline value of Kadumbadi Amman 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Kadumbadi Amman 1st Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 1,800 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 26%. However, the most recent 2024 revision shows a significant increase to Rs 2,200 per sq.ft, which is an increase of 64% from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been an increase of 22% in the guideline value. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Kadumbadi Amman 1st Cross Street's 2024 figure below this median.

• Kadumbadi Amman 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil 3rd Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kadumbadi Amman 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kadumbadi Amman 1st Cross Street?

The Madhavaram Sub Registrar Office covers Kadumbadi Amman 1st Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which can affect the overall costs incurred by the buyer and seller during the registration process.

Frequently asked questions

What is the current guideline value of Kadumbadi Amman 1st Cross Street?

The current guideline value of Kadumbadi Amman 1st Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,200 per sq.ft in 2024. There were no figures recorded for the years 2002, 2003, 2007, and 2023.

What is the land classification of Kadumbadi Amman 1st Cross Street?

Kadumbadi Amman 1st Cross Street is classified as Residential Class II Type - I under the Madhavaram SRO.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Kadumbadi Amman 1st Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2%.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.