Guideline Value for Kamadenu Forms

Kamadenu Forms guideline value

The current guideline value for Kamadenu Forms in Podavoor village is Rs 181 per sq.ft, effective from the 2024 revision on 1 July 2024. This area falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Kamadenu Forms has changed

Over the years, the guideline value of Kamadenu Forms has seen several revisions. The 2012 revision set the value at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in 2017, marking a decline of 33%. However, the value increased significantly to Rs 181 per sq.ft in both the 2023 and 2024 revisions, reflecting a 50% rise from the 2017 figure. Notably, the guideline value has remained unchanged from 2023 to 2024, showing a 0% change.

The register does not contain figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Podavoor

In Podavoor, there are 20 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Kamadenu Forms is below this median.

• Mantheivelli Street: Rs 305 per sq.ft (2024)
• Ellaiamman Kovil Street: Rs 181 per sq.ft (2024)
• Detroid Layout: Rs 400 per sq.ft (2024)
• Chemman Kuttai Street: Rs 181 per sq.ft (2024)
• New Colony: Rs 181 per sq.ft (2024)
• Padasalai Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadenu Forms

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, bringing the total cost for these fees to Rs 16,290. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamadenu Forms?

The Kamadenu Forms area is covered by the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Podavoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller approaches the registration office, the guideline value will be used to calculate the applicable fees. This ensures that all parties are aware of the financial obligations involved in the transaction, based on the established guideline value for the property.

Frequently asked questions

What is the current guideline value of Kamadenu Forms?

The current guideline value of Kamadenu Forms is Rs 181 per sq.ft, effective from the 2024 revision on 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 181 per sq.ft in both 2023 and 2024, showing significant fluctuations over the years.

What are the other streets in Podavoor and their guideline values?

Other streets in Podavoor have varying guideline values, ranging from Rs 181 to Rs 400 per sq.ft. For example, Mantheivelli Street is valued at Rs 305 per sq.ft, while Chemman Kuttai Street is also at Rs 181 per sq.ft.

What are the stamp duty and registration fees for property in Kamadenu Forms?

The stamp duty for a property valued at Rs 1,81,000 is Rs 12,670, and the registration fee is Rs 3,620, totaling Rs 16,290. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Kamadenu Forms?

The Sunguvarchattram Sub Registrar Office handles registrations for Kamadenu Forms, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.