Guideline Value for Kavadi Thottam

Kavadi Thottam guideline value

The current guideline value of Kavadi Thottam is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Kavadi Thottam has changed

The guideline value for Kavadi Thottam has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, it dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. The value then rose significantly to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,300 per sq.ft in 2024, an 8% increase.

Overall, from 2007 to 2024, the guideline value has increased by 117%. It is noteworthy that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, placing Kavadi Thottam's 2024 figure below that median.

• Kathivakkam High Road: Rs 2,200 per sq.ft (2024)
• Kasthuribai Street: Rs 1,300 per sq.ft (2024)
• Kesavan street: Rs 2,200 per sq.ft (2024)
• Karumariamman Nagar: Rs 1,300 per sq.ft (2024)
• Karimedu Colony Street: Rs 1,300 per sq.ft (2024)
• Kannu Thottam: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kavadi Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kavadi Thottam?

Kavadi Thottam falls under the jurisdiction of the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Kavadi Thottam?

The current guideline value of Kavadi Thottam is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over this period.

What is the registration office for Kavadi Thottam?

The registration office covering Kavadi Thottam is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Kavadi Thottam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 91,000.

What are the guideline values of other streets in Tondaiarpet?

Other streets in Tondaiarpet have varying guideline values, such as Kathivakkam High Road at Rs 2,200 per sq.ft and Kasthuribai Street at Rs 1,300 per sq.ft, among others.