Guideline Value for Kamadenu Nagar 3rd Cross Street

Kamadenu Nagar 3rd Cross Street guideline value

The current guideline value of Kamadenu Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Kamadenu Nagar 3rd Cross Street has changed

The guideline value for Kamadenu Nagar 3rd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 938 per sq.ft. The value remained the same in 2023 at Rs 1,400 per sq.ft before increasing to Rs 1,540 per sq.ft in the 2024 revision, reflecting a 10% rise.

From 2017 to 2023, the value increased by 49%, indicating a significant change over that period. The overall change from the 2012 revision to the current 2024 revision shows a modest increase of 10%.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value is Rs 1,540 per sq.ft, which is the same as the guideline value for Kamadenu Nagar 3rd Cross Street.

• Kamadenu Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 5th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 6th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 7th Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadenu Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kamadenu Nagar 3rd Cross Street?

The Sub Registrar Office that covers Kamadenu Nagar 3rd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is an important factor during the registration process of property transactions in Thiruverkadu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue from transactions.

When buying or selling property, the guideline value helps in assessing the stamp duty and registration fees that need to be paid. This value is crucial for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Kamadenu Nagar 3rd Cross Street?

The current guideline value of Kamadenu Nagar 3rd Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,400 per sq.ft in 2023, Rs 938 per sq.ft in 2017, and Rs 1,400 per sq.ft in 2012. The most recent revision in 2024 increased the value to Rs 1,540 per sq.ft.

What are the stamp duty rates applicable?

The stamp duty for property transactions in Kamadenu Nagar 3rd Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles all registrations for properties in the area.

How is the guideline value determined?

The guideline value is determined based on various factors, including location and land classification. It is revised periodically to reflect changes in the property market and is used as a basis for calculating stamp duty and registration fees.