Guideline Value for Kaideymilleth Street

Kaideymilleth Street guideline value

The current guideline value of Kaideymilleth Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village under the Sunguvarchattram SRO, classified as Residential Special Type - III.

How the guideline value of Kaideymilleth Street has changed

Over the years, the guideline value of Kaideymilleth Street has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision marked a decrease of 33% from Rs 600 to Rs 402 per sq.ft. The following revision in 2023 brought the value back to Rs 600 per sq.ft, and this figure remained consistent in the 2024 revision, indicating no change from the previous year.

From the 2017 revision to the 2023 revision, there was an increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 600 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 300 to Rs 2,000 per sq.ft. The median value is Rs 600 per sq.ft, which aligns with the 2024 figure for Kaideymilleth Street.

• Kalliamman Kovil Street: Rs 300 per sq.ft (2024)
• J.J. Nagar: Rs 300 per sq.ft (2024)
• Kamarajar Street: Rs 600 per sq.ft (2024)
• Kambar Street: Rs 600 per sq.ft (2024)
• Irular Kudi iruppu: Rs 700 per sq.ft (2024)
• Karpagavalli Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Kaideymilleth Street

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kaideymilleth Street?

The Sub Registrar Office covering Kaideymilleth Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Molachoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Kaideymilleth Street?

The current guideline value of Kaideymilleth Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft in the 2023 and 2024 revisions, after a decrease to Rs 402 per sq.ft in 2017 from Rs 600 in 2012. There were no figures available for the years 2002, 2003, and 2007.

What is the median guideline value in Molachoor?

The median guideline value in Molachoor for 2024 is Rs 600 per sq.ft, which is the same as the guideline value for Kaideymilleth Street.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Kaideymilleth Street?

The Sub Registrar Office for Kaideymilleth Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.