Guideline Value for Kamarajar Colony 9th Street

Kamarajar Colony 9th Street guideline value

The current guideline value of Kamarajar Colony 9th Street is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class IV Type - I.

How the guideline value of Kamarajar Colony 9th Street has changed

Over the years, the guideline value of Kamarajar Colony 9th Street has seen several revisions. The 2007 revision set the value at Rs 800 per sq.ft, which significantly increased to Rs 3,750 per sq.ft in the 2012 revision. This figure remained unchanged until the 2023 revision, which also recorded Rs 3,750 per sq.ft. The most recent revision in 2024 saw a rise to Rs 4,100 per sq.ft, marking a 9% increase from the previous year.

In summary, the guideline value has increased substantially from Rs 800 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, reflecting an overall increase of 413% over this period. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Kamarajar Colony 9th Street's 2024 figure below this median.

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

Stamp duty and registration fee for property in Kamarajar Colony 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, while the registration fee at 2% would be Rs 82,000, bringing the total cost for these fees to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kamarajar Colony 9th Street?

The Kamarajar Colony 9th Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Kamarajar Colony 9th Street?

The current guideline value of Kamarajar Colony 9th 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 increased from Rs 800 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, showing an overall increase of 413% over this period.

What is the stamp duty for property in Kamarajar Colony 9th Street?

The stamp duty for property in Kamarajar Colony 9th Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Kamarajar Colony 9th Street?

The Ashok Nagar Sub Registrar Office handles registrations for Kamarajar Colony 9th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Kamarajar Colony 9th Street's 2024 value being below this median.