Guideline Value

Corporate

Guideline Value for Housing Board Block 26

₹4100/sq.ft.

The guideline value for Housing Board Block 26 in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 4100 per sq.ft, effective 1 July 2024. It was Rs 3750 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹4100 /sq.ft.
From 1-4-2023 ₹3750 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2512 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3750 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Housing Board Block 26

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Housing Board Block 26 guideline value

The current guideline value for Housing Board Block 26 is Rs 4,100 per sq.ft, effective from 1 July 2024. This property is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - I.

How the guideline value of Housing Board Block 26 has changed

The guideline value for Housing Board Block 26 has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 800 per sq.ft. This increased significantly to Rs 3,750 per sq.ft in 2012, marking a remarkable increase of 369%. However, between 2012 and 2017, the value decreased to Rs 2,512 per sq.ft, a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 3,750 per sq.ft, and the latest revision in 2024 set it at Rs 4,100 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 413%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, indicating that Housing Board Block 26's current value is below this median.

Stamp duty and registration fee for property in Housing Board Block 26

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total charges to Rs 3,69,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Housing Board Block 26?

The Sub Registrar Office that covers Housing Board Block 26 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized value set by the government.

When a property is sold, the buyer must pay stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property in the area.

Frequently asked questions

What is the current guideline value for Housing Board Block 26?

The current guideline value for Housing Board Block 26 is Rs 4,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, marking an overall increase of 413% over the years.

What are the stamp duty and registration fees for a property in Housing Board Block 26?

For a property valued at Rs 41,00,000, the stamp duty would be Rs 2,87,000 and the registration fee would be Rs 82,000, totaling Rs 3,69,000.

Which Sub Registrar Office is responsible for Housing Board Block 26?

The Ashok Nagar Sub Registrar Office is responsible for Housing Board Block 26, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, while Housing Board Block 26's current value is below this median.