Guideline Value for Kadumbadi Amman Koil 1st Cross Street

Kadumbadi Amman Koil 1st Cross Street guideline value

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

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

The guideline value for Kadumbadi Amman Koil 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then revised to Rs 1,340 per sq.ft in 2017. This represented a decrease of 26%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, marking a rise of 49%. The most recent revision in 2024 brought the guideline value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 22%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, indicating that the 2024 guideline value of Kadumbadi Amman Koil 1st Cross Street is below this median.

• Kadumbadi Amman 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman 1st 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 Koil 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 amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be 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 duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

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

The Madhavaram Sub Registrar Office covers Kadumbadi Amman Koil 1st Cross Street. The office is 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 plays a crucial role in property transactions in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, buyers must ensure that the sale price of the property is at least equal to the guideline value. This ensures compliance with local regulations and helps in the accurate assessment of taxes due at the time of registration.

Frequently asked questions

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

The current guideline value of Kadumbadi Amman Koil 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, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% and the registration fee at 2%. For a plot of 1,000 sq.ft at the current guideline value, the total fees would amount to Rs 1,98,000.

Which office handles property registrations in Kodungaiyur?

The Madhavaram Sub Registrar Office handles property registrations for Kodungaiyur. It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Where can I find more information about guideline values in Kodungaiyur?

More information about guideline values in Kodungaiyur can be found in the Registration Department's guideline value register (TNReginet).