Guideline Value for Kamadenu Nagar 7th Cross Street

Kamadenu Nagar 7th Cross Street guideline value

The current guideline value of Kamadenu Nagar 7th Cross Street is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Thiruverkadu village and falls under the Kunrathur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Kamadenu Nagar 7th Cross Street has changed

The guideline value for Kamadenu Nagar 7th Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,540 per sq.ft in the 2024 revision.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. The 2023 to 2024 revision saw a 10% increase. Overall, comparing the 2012 and 2024 revisions, the guideline value increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 equal to the current guideline value of Kamadenu Nagar 7th Cross Street.

• Kamadenu Nagar 6th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 5th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Kamadenu Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Kamadenu Nagar 7th 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 would be 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 the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamadenu Nagar 7th Cross Street?

The Sub Registrar Office that covers Kamadenu Nagar 7th Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Thiruverkadu, as it determines the minimum value at which properties can be registered. When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these charges are based on a standardized value.

Frequently asked questions

What is the current guideline value of Kamadenu Nagar 7th Cross Street?

The current guideline value of Kamadenu Nagar 7th 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 changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What is the land classification for Kamadenu Nagar 7th Cross Street?

The land classification for Kamadenu Nagar 7th Cross Street is Residential Class I Type - I.

What is the stamp duty rate for properties in Kamadenu Nagar 7th Cross Street?

The stamp duty rate for properties in Kamadenu Nagar 7th Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.