Guideline Value for Kadumbadi Amman Koil Street

Kadumbadi Amman Koil Street guideline value

The current guideline value of Kadumbadi Amman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Parangimalai village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Kadumbadi Amman Koil Street has changed

The guideline value for Kadumbadi Amman Koil Street has undergone several revisions over the years. In 2002, the guideline value was Rs 357 per sq.ft, which increased to Rs 447 per sq.ft in 2003, marking a change of +25%. The value saw a significant rise to Rs 750 per sq.ft in 2007, an increase of +68%. Following this, the value jumped to Rs 2,500 per sq.ft in 2012, reflecting a substantial increase of +233%. However, it decreased to Rs 1,675 per sq.ft in 2017, a decline of -33%. The value then rose to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,750 per sq.ft in 2024, which is a +10% increase from the previous year.

There are no figures available for the revisions in years other than those listed. Overall, from 2002 to 2024, the guideline value has increased by +670%.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, making the current value of Kadumbadi Amman Koil Street below the median.

• Kaji Sayabu Street: Rs 3,850 per sq.ft (2024)
• Kalaignar Nagar: Rs 2,750 per sq.ft (2024)
• Kalaignar Nagar (Kannagi Street): Rs 2,750 per sq.ft (2024)
• Kalaignar Nagar Muthuranga Mudaliar: Rs 2,750 per sq.ft (2024)
• Jilani Sayabu Street: Rs 2,750 per sq.ft (2024)
• Jessli Apartments: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kadumbadi Amman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kadumbadi Amman Koil Street?

The Sub Registrar Office that covers Kadumbadi Amman Koil Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

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

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty, ensuring that the fees reflect the true value of the property being transferred.

Frequently asked questions

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

The current guideline value of Kadumbadi Amman Koil Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 357 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of +670% over this period.

What is the land classification for Kadumbadi Amman Koil Street?

Kadumbadi Amman Koil Street is classified as Residential Class III Type - I according to the land classification in Tamil Nadu.

What is the median guideline value for streets in Parangimalai?

The median guideline value for streets in Parangimalai is Rs 3,850 per sq.ft, with Kadumbadi Amman Koil Street's current value being below this median.

Where can I find the Sub Registrar Office for Kadumbadi Amman Koil Street?

The Sub Registrar Office for Kadumbadi Amman Koil Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.