Guideline Value for Kamarajar Salai (Block 29) Ashok Nagar

Kamarajar Salai (Block 29) Ashok Nagar guideline value

The current guideline value of Kamarajar Salai (Block 29) Ashok Nagar is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Mixed Type - I land.

How the guideline value of Kamarajar Salai (Block 29) Ashok Nagar has changed

The guideline value for Kamarajar Salai (Block 29) Ashok Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 1,460 per sq.ft, which saw a significant increase to Rs 8,000 per sq.ft in both 2012 and 2023. The 2024 revision raised the value to Rs 8,800 per sq.ft, marking a 10% increase from the previous year.

Looking at the overall changes, the guideline value has increased by 503% from the 2007 figure to the current 2024 figure. Notably, there are no recorded figures for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 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 guideline value for these streets is Rs 4,900 per sq.ft, placing Kamarajar Salai (Block 29) Ashok Nagar above this median.

• Kamarajar Salai Ch-78: Rs 8,800 per sq.ft (2024)
• Kamarajar Street Ch-78(M.G.R): Rs 3,300 per sq.ft (2024)
• Kamarajar Street (JPT): Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 9th Street: Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 8th Street: Rs 4,100 per sq.ft (2024)
• Kamarajar Colony 7th Street: Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajar Salai (Block 29) Ashok Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total cost for these fees to Rs 7,92,000. Please note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamarajar Salai (Block 29) Ashok Nagar?

The Sub Registrar Office that covers Kamarajar Salai (Block 29) Ashok Nagar 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 more information.

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

The guideline value is an important factor when registering 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 appropriate revenue through stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is crucial for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Kamarajar Salai (Block 29) Ashok Nagar?

The current guideline value of Kamarajar Salai (Block 29) Ashok Nagar is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,460 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 503% over the years.

What are the stamp duty and registration fees for property in Kamarajar Salai?

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.

Which Sub Registrar Office covers this area?

The Ashok Nagar Sub Registrar Office covers Kamarajar Salai (Block 29) Ashok Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Kamarajar Salai (Block 29) Ashok Nagar?

Kamarajar Salai (Block 29) Ashok Nagar is classified as Mixed Type - I land, which indicates its varied usage potential.