Guideline Value for Kadumbadi Amman Koil 2nd Cross Street

Kadumbadi Amman Koil 2nd Cross Street guideline value

The current guideline value of Kadumbadi Amman Koil 2nd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village and falls under the Madhavaram SRO. The land classification for this area is Residential Class II Type - I.

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

The guideline value for Kadumbadi Amman Koil 2nd Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in 2023, reflecting a 10% rise. Prior to that, the value was Rs 1,340 per sq.ft in 2017, marking a significant increase of 49% to the 2023 figure. In 2012, the value was Rs 1,800 per sq.ft, which was a decrease of 26% from the 2017 revision.

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

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1318 streets under the Madhavaram SRO with 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 of Kadumbadi Amman Koil 2nd Cross Street is below this median.

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

Stamp duty and registration fee for property in Kadumbadi Amman Koil 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 would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Kadumbadi Amman Koil 2nd Cross Street?

The Kadumbadi Amman Koil 2nd Cross Street is covered by 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 is an essential factor when registering a property in Kodungaiyur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that a buyer must pay.

When you buy or sell a property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property transactions. It is crucial for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of Kadumbadi Amman Koil 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 2,200 per sq.ft in 2024, which is an overall increase of 22%. Notably, there was a significant increase of 49% from 2017 to 2023.

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

Other streets in Kodungaiyur with the same guideline value of Rs 2,200 per sq.ft include Kadumbadi Amman Koil 1st Street, Kadumbadi Amman Koil 1st Cross Street, Kadumbadi Amman Koil 3rd Cross Street, Kadumbadi Amman 3rd Cross Street, and Kadumbadi Amman Koil Street.

What is the stamp duty for a property in Kadumbadi Amman Koil 2nd Cross Street?

The stamp duty for a property in Kadumbadi Amman Koil 2nd Cross Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, this amounts to Rs 1,54,000.

Which office handles registrations for Kadumbadi Amman Koil 2nd Cross Street?

The Madhavaram Sub Registrar Office handles registrations for Kadumbadi Amman Koil 2nd Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.