Guideline Value for Kadumbadi Amman 2nd Cross Street

Kadumbadi Amman 2nd Cross Street guideline value

The current guideline value of Kadumbadi Amman 2nd 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, and is classified as Residential Class II Type - I.

How the guideline value of Kadumbadi Amman 2nd Cross Street has changed

The guideline value for Kadumbadi Amman 2nd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2024 revision increased the value significantly to Rs 2,200 per sq.ft, marking a 64% increase from 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 22%. It is important to note that the register has no figures for the years 2023, 2007, 2003, and 2002 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, with a median value of Rs 2,700 per sq.ft. The guideline value for Kadumbadi Amman 2nd Cross Street is below this median.

• Kadumbadi Amman 1st 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 2nd 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 amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total Rs 1,98,000. Please note that 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 Kadumbadi Amman 2nd Cross Street?

The Sub Registrar Office that covers Kadumbadi Amman 2nd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions comply with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value for Kadumbadi Amman 2nd Cross Street?

The current guideline value for Kadumbadi Amman 2nd 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. This reflects a 64% increase from 2017 to 2024.

What is the land classification for Kadumbadi Amman 2nd Cross Street?

Kadumbadi Amman 2nd Cross Street is classified as Residential Class II Type - I. This classification is important for determining the guidelines and regulations applicable to properties in this area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For example, for a property valued at Rs 22,00,000, the total stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000.

Where can I find the Madhavaram Sub Registrar Office?

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.