Guideline Value

Corporate

Guideline Value for KODAMBAKKAM ROAD 12 FEET LANE

₹4400/sq.ft.

The guideline value for Kodambakkam Road 12 Feet Lane in Saidapet village (Chennai South Joint I SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Saidapet

Village

Chennai South Joint I

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹946 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹822 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Kodambakkam Road 12 Feet Lane

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Kodambakkam Road 12 Feet Lane guideline value

The current guideline value of Kodambakkam Road 12 Feet Lane is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saidapet village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Kodambakkam Road 12 Feet Lane has changed

The guideline value for Kodambakkam Road 12 Feet Lane has seen significant changes over the years. In 2002, the value was Rs 822 per sq.ft, which increased to Rs 946 per sq.ft in 2003, marking a 15% rise. The value then rose to Rs 1,300 per sq.ft in 2007, an increase of 37%. Following this, the value surged to Rs 4,000 per sq.ft in 2012, reflecting a remarkable 208% increase. However, it decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then increased significantly to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, which is a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 435%. There are no figures available for the revisions in years not listed, ensuring that all changes are accounted for in the specified revisions.

Guideline values in Saidapet

In Saidapet, there are 52 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,250 per sq.ft. The median value is Rs 3,300 per sq.ft, positioning Kodambakkam Road 12 Feet Lane above this median.

Stamp duty and registration fee for property in Kodambakkam Road 12 Feet Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Kodambakkam Road 12 Feet Lane?

The Kodambakkam Road 12 Feet Lane falls under the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Saidapet. It acts as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling a property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory charges during the registration process. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Kodambakkam Road 12 Feet Lane?

The current guideline value of Kodambakkam Road 12 Feet Lane is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 822 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 435%.

What is the registration office for Kodambakkam Road 12 Feet Lane?

The registration office for Kodambakkam Road 12 Feet Lane is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Kodambakkam Road 12 Feet Lane?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.

What are the guideline values of other streets in Saidapet?

Other streets in Saidapet have varying guideline values. For instance, Kodambakkam Road has a value of Rs 8,250 per sq.ft, while Kistappa Naicker Street has a value of Rs 3,300 per sq.ft.