Guideline Value for Kamarajar Colony 4th Street

Kamarajar Colony 4th Street guideline value

The current guideline value of Kamarajar Colony 4th Street is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - I.

How the guideline value of Kamarajar Colony 4th Street has changed

The guideline value for Kamarajar Colony 4th Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was set at Rs 800 per sq.ft. This increased significantly to Rs 3,750 per sq.ft in 2012, marking a change of +369%. The value remained unchanged at Rs 3,750 per sq.ft until the 2023 revision, which set the value at Rs 3,750 per sq.ft again. In 2024, the guideline value rose to Rs 4,100 per sq.ft, reflecting a change of +9% from the previous year.

There are no recorded figures for the revisions in 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by +413%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Kamarajar Colony 4th Street's 2024 figure below the median.

• Kamarajar Colony 3rd Street: Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 5th Street: Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 2nd Street: Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 6th Street: Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 7th Street: Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 8th Street: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Colony 4th Street

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, resulting in a total of Rs 3,69,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamarajar Colony 4th Street?

The Kamarajar Colony 4th Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Colony 4th Street?

The current guideline value of Kamarajar Colony 4th Street is Rs 4,100 per sq.ft, effective from 1 July 2024.

How 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 is the stamp duty rate for properties in Kamarajar Colony 4th Street?

The stamp duty rate for properties in Kamarajar Colony 4th Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office).

What are the guideline values of other streets in Kodambakkam?

Other streets in Kodambakkam under the Ashok Nagar SRO have a guideline value of Rs 4,100 per sq.ft in 2024, including Kamarajar Colony 2nd, 3rd, 5th, 6th, 7th, and 8th Streets.