Guideline Value for Kadumbadi Amman Koil 1st Street

Kadumbadi Amman Koil 1st Street guideline value

The current guideline value of Kadumbadi Amman Koil 1st 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 Street has changed

The guideline value for Kadumbadi Amman Koil 1st Street has seen several revisions over the years. The earliest recorded value was Rs 2,000 per sq.ft in 2012, which then decreased to Rs 1,340 per sq.ft in 2017. In 2023, the value increased to Rs 2,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft.

From 2012 to 2017, the value decreased by 33%. However, between 2017 and 2023, it increased significantly by 49%. The value then rose by 10% from 2023 to 2024. Overall, the guideline value increased by 10% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007 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, making the 2024 guideline value for Kadumbadi Amman Koil 1st Street below the median.

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

Stamp duty and registration fee for property in Kadumbadi Amman Koil 1st 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, making the total cost for these fees Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

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

The Kadumbadi Amman Koil 1st Street falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is an essential factor when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the minimum value of property transactions, ensuring that both buyers and sellers are aware of the official valuation set by the authorities.

At the time of registration, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures a standardized approach to property valuation and taxation in the region.

Frequently asked questions

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

The current guideline value of Kadumbadi Amman Koil 1st 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 2,000 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 is the land classification for Kadumbadi Amman Koil 1st Street?

Kadumbadi Amman Koil 1st Street is classified as Residential Class II Type - I.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the stamp duty calculated for properties in Kadumbadi Amman Koil 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.