Guideline Value for Periyar Nagar Kulandaigal Kappagam Street

Periyar Nagar Kulandaigal Kappagam Street guideline value

The current guideline value of Periyar Nagar Kulandaigal Kappagam Street is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Periyar Nagar Kulandaigal Kappagam Street has changed

The guideline value for Periyar Nagar Kulandaigal Kappagam Street has undergone several revisions over the years. In the 2012 revision, the guideline value was Rs 2,200 per sq.ft. This figure remained unchanged in the 2017 revision, where it decreased to Rs 1,474 per sq.ft. The 2023 revision saw an increase to Rs 2,200 per sq.ft, followed by a further increase to Rs 2,400 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

From 2012 to 2017, there was a significant decrease of 33%, while the period from 2017 to 2023 saw a substantial increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, there has been a 9% increase. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Madambakkam

Madambakkam has a total of 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this village is Rs 2,400 per sq.ft, which is equal to the current guideline value of Periyar Nagar Kulandaigal Kappagam Street.

• Periyar Nagar Main Road: Rs 2,400 per sq.ft (2024)
• Periyar Nagar 4th Street: Rs 2,400 per sq.ft (2024)
• Periyar Nagar 3rd Street: Rs 2,400 per sq.ft (2024)
• Periyar Street: Rs 1,300 per sq.ft (2024)
• Periyar Nagar 2nd Street: Rs 2,400 per sq.ft (2024)
• Periyar Nagar 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Periyar Nagar Kulandaigal Kappagam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the 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 Periyar Nagar Kulandaigal Kappagam Street?

The Sub Registrar Office covering Periyar Nagar Kulandaigal Kappagam Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Madambakkam

The guideline value plays a crucial role in property transactions in Madambakkam. It is used as a basis for calculating stamp duty and registration fees during the registration of property transactions. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Periyar Nagar Kulandaigal Kappagam Street?

The current guideline value of Periyar Nagar Kulandaigal Kappagam Street is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then increased to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,400 per sq.ft in 2024.

What is the land classification for this street?

The land classification for Periyar Nagar Kulandaigal Kappagam Street is Commercial Class I Type - II.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,16,000.