Guideline Value for INDIRA COLONY 2ND STREET

Indira Colony 2nd Street guideline value

The current guideline value of Indira Colony 2nd Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Mixed Type - I.

How the guideline value of Indira Colony 2nd Street has changed

According to the register, there are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Indira Colony 2nd Street. The most recent revision is from 2024, which sets the guideline value at Rs 8,800 per sq.ft.

There have been no changes between the revisions available for this street. The 2024 revision is the only figure recorded in the guideline value register for Indira Colony 2nd Street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO carrying a 2024 guideline value figure ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value in this area is Rs 4,900 per sq.ft, placing Indira Colony 2nd Street's 2024 figure above that median.

• Indira Colony 1st Street: Rs 8,800 per sq.ft (2024)
• Indira Colony 3rd Street: Rs 8,800 per sq.ft (2024)
• Indira Colony (1st Avenue): Rs 11,000 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 2nd Street

For a 1,000 sq.ft plot at the current rate of Rs 8,800 per sq.ft, the guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. 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 more details.

Which Sub Registrar Office covers Indira Colony 2nd Street?

The Sub Registrar Office covering Indira Colony 2nd 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 further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

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

Frequently asked questions

What is the current guideline value of Indira Colony 2nd Street?

The current guideline value of Indira Colony 2nd Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

What revisions have been made to the guideline value of Indira Colony 2nd Street?

The only available revision for Indira Colony 2nd Street is from 2024, which sets the guideline value at Rs 8,800 per sq.ft. There are no figures available for the years 2002, 2003, 2007, 2012, 2017, and 2023.

How does the guideline value compare to other streets in Kodambakkam?

Indira Colony 2nd Street's guideline value of Rs 8,800 per sq.ft is above the median of Rs 4,900 per sq.ft for the 1,031 streets in Kodambakkam under the Ashok Nagar SRO.

What are the stamp duty and registration fees for properties in Indira Colony 2nd Street?

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 2nd Street located?

The Sub Registrar Office for Indira Colony 2nd Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.