Guideline Value for INDIRA COLONY 3RD STREET

Indira Colony 3rd Street guideline value

The current guideline value of Indira Colony 3rd 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 3rd Street has changed

The guideline value register for Indira Colony 3rd Street shows no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 8,800 per sq.ft.

Since there are no previous figures recorded for this street, there are no changes to report between revisions. The current guideline value remains consistent with the 2024 revision.

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. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Indira Colony 3rd Street's 2024 figure above this median.

• Indira Colony 2nd Street: Rs 8,800 per sq.ft (2024)
• Indira Colony 4th Street: Rs 8,800 per sq.ft (2024)
• Indira Colony 1st Street: Rs 8,800 per sq.ft (2024)
• Indira Colony (1st Avenue): Rs 11,000 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 3rd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, together totaling Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indira Colony 3rd Street?

The Indira Colony 3rd Street is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions within Kodambakkam. It determines the minimum value at which properties can be registered, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Indira Colony 3rd Street?

The current guideline value of Indira Colony 3rd Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

What is the land classification for Indira Colony 3rd Street?

The land classification for Indira Colony 3rd Street is Mixed Type - I.

Are there any previous guideline values for Indira Colony 3rd Street?

No, the guideline value register shows no figures for Indira Colony 3rd Street for the years 2002, 2003, 2007, 2012, 2017, and 2023.

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

The guideline value of Rs 8,800 per sq.ft for Indira Colony 3rd Street is above the median value of Rs 4,900 per sq.ft for other streets in Kodambakkam.

Where can I find the Ashok Nagar Sub Registrar Office?

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