Guideline Value for Kadumbadi Amman Koil Street

Kadumbadi Amman Koil Street guideline value

The current guideline value of Kadumbadi Amman Koil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Kadumbadi Amman Koil Street has changed

The guideline value for Kadumbadi Amman Koil Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. This was a reduction of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1318 streets under the Madhavaram SRO, with guideline values for 2024 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, positioning Kadumbadi Amman Koil Street's guideline value below this median.

• Kadumbadi Amman Koil 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Main Street: Rs 2,200 per sq.ft (2024)
• Kadumbadi Amman Koil 2nd Cross Street: Rs 2,200 per sq.ft (2024)
• 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 3rd Cross Street: Rs 2,200 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 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, bringing the total 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.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kadumbadi Amman Koil Street?

The Sub Registrar Office that covers Kadumbadi Amman Koil 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 is a crucial factor during property registration in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to assess the transaction's value for taxation purposes. This means that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

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 2,200 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 rising to Rs 2,000 per sq.ft in 2023, and finally reaching Rs 2,200 per sq.ft in 2024.

What is the land classification for Kadumbadi Amman Koil Street?

Kadumbadi Amman Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for this area?

The registration office for Kadumbadi Amman Koil Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is stamp duty calculated for properties in Kodungaiyur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the government receives the appropriate revenue from property transactions in Kodungaiyur.