Guideline Value for MAIN ROAD (WARD -9)

Main Road (Ward -9) guideline value

The current guideline value of Main Road (Ward -9) in Kadampur village, under the Chengleput Joint II SRO, is Rs 551 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Main Road (Ward -9) has changed

The guideline value for Main Road (Ward -9) has seen several revisions over the years. In 2012, the value was Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. This was followed by a significant increase to Rs 500 per sq.ft in 2023, and then to Rs 551 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Kadampur

Kadampur village has a range of guideline values across its 44 streets under the Chengleput Joint II SRO, with values ranging from Rs 385 to Rs 2,200 per sq.ft. The median guideline value is Rs 551 per sq.ft, which is the same as the current value for Main Road (Ward -9).

• Murugan Nagar (Kod): Rs 551 per sq.ft (2024)
• Nadustreet (Ward -9): Rs 551 per sq.ft (2024)
• Nehru Nagar (Ward -9): Rs 551 per sq.ft (2024)
• Kamarajar Street (Ward -9): Rs 551 per sq.ft (2024)
• Kalivanthapattu Main Road (Ward -9): Rs 551 per sq.ft (2024)
• Kalivanthapattu Kadambur Main Road (Ward -9): Rs 551 per sq.ft (2024)

Stamp duty and registration fee for property in Main Road (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 551 per sq.ft, the total guideline value would be Rs 5,51,000. The stamp duty at 7% would amount to Rs 38,570, and the registration fee at 2% would be Rs 11,020, bringing the total fees together to Rs 49,590. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Main Road (Ward -9)?

The Sub Registrar Office that covers Main Road (Ward -9) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kadampur. It serves as a benchmark for determining the value of the property, which is essential for calculating stamp duty and registration fees.

When a property is registered, the guideline value is used to ensure that the transaction is recorded accurately. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction, as it is used to assess the applicable fees.

Frequently asked questions

What is the current guideline value of Main Road (Ward -9)?

The current guideline value of Main Road (Ward -9) is Rs 551 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and finally to Rs 551 per sq.ft in 2024.

What is the land classification for Main Road (Ward -9)?

Main Road (Ward -9) is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 5,51,000, the stamp duty would be Rs 38,570 and the registration fee would be Rs 11,020, totaling Rs 49,590. This is based on the current guideline value.

Where is the Sub Registrar Office for Main Road (Ward -9) located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles registrations for Main Road (Ward -9).