Guideline Value for INDIRA COLONY 1ST STREET

Indira Colony 1st Street guideline value

The current guideline value of Indira Colony 1st Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Indira Colony 1st Street has changed

The guideline value register shows that there are no figures for Indira Colony 1st Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, which is the 2024 revision, has set the guideline value at Rs 8,800 per sq.ft.

Since there are no figures available for the previous revisions, it can be noted that the only current guideline value for this street is from the 2024 revision. There have been no changes between the revisions above.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value of Indira Colony 1st Street is above this median.

• Indira Colony (1st Avenue): Rs 11,000 per sq.ft (2024)
• Indira Colony 2nd Street: Rs 8,800 per sq.ft (2024)
• Indira Colony 3rd Street: Rs 8,800 per sq.ft (2024)
• Indira Colony 4th Street: Rs 8,800 per sq.ft (2024)
• Indira Gandhi Street (S.M.Block): Rs 4,100 per sq.ft (2024)
• II Main Road: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Indira Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Indira Colony 1st Street?

The Sub Registrar Office that covers Indira Colony 1st Street 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 details.

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

When buying or selling property in Kodambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and reflects the minimum value at which properties can be registered.

It is essential to be aware that the guideline value may differ from the actual sale price of the property. The stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, ensuring compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Indira Colony 1st Street?

The current guideline value of Indira Colony 1st Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Indira Colony 1st Street. The only guideline value currently available is from the 2024 revision.

What is the land classification of Indira Colony 1st Street?

The land classification for Indira Colony 1st Street is Mixed Type - I, indicating a blend of residential and commercial properties.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Where is the Sub Registrar Office for Indira Colony 1st Street located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.