Guideline Value for Kadumpadi Amman Koil Street

Kadumpadi Amman Koil Street guideline value

The current guideline value of Kadumpadi Amman Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village, under the Pammal Sub Registrar Office, and is classified as Residential Class III Type - I.

How the guideline value of Kadumpadi Amman Koil Street has changed

The guideline value for Kadumpadi Amman Koil Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which was then increased to Rs 1,600 per sq.ft in 2023. The most recent revision in 2024 raised the value further to Rs 1,760 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no recorded guideline values for Kadumpadi Amman Koil Street in the revisions for the years 2002, 2003, 2007, and 2012. The substantial increase from 2017 to 2023 was 49%.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO, with guideline values ranging from Rs 1,100 to Rs 4,800 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Kadumpadi Amman Koil Street's 2024 figure below this median.

• Kakkanji Street: Rs 1,100 per sq.ft (2024)
• Kalaigar Street: Rs 1,980 per sq.ft (2024)
• Kalaivanar Street: Rs 1,980 per sq.ft (2024)
• Kamarajar Street: Rs 1,980 per sq.ft (2024)
• Jayaram Nagar Extn: Rs 2,750 per sq.ft (2024)
• Jayaram Nagar: Rs 2,750 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value amounts to Rs 17,60,000. The stamp duty at 7% would be Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, bringing the total fees to Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kadumpadi Amman Koil Street?

The Kadumpadi Amman Koil Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kerugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are required to be paid to the government. This ensures that both parties in the transaction adhere to the legal requirements and that the property is registered at a value recognized by the state.

Frequently asked questions

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

The current guideline value of Kadumpadi Amman Koil Street is Rs 1,760 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 1,072 per sq.ft in 2017 to Rs 1,760 per sq.ft in 2024, representing an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Kadumpadi Amman Koil Street?

For a 1,000 sq.ft plot, the guideline value is Rs 17,60,000. The stamp duty is Rs 1,23,200, and the registration fee is Rs 35,200, totaling Rs 1,58,400.

Which Sub Registrar Office handles registrations for Kadumpadi Amman Koil Street?

The Pammal Sub Registrar Office is responsible for registrations in Kadumpadi Amman Koil Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Kadumpadi Amman Koil Street?

Kadumpadi Amman Koil Street is classified as Residential Class III Type - I, indicating its use for residential purposes.