Guideline Value for Kanagasabai 3rd Cross Street

Kanagasabai 3rd Cross Street guideline value

The current guideline value of Kanagasabai 3rd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO and is classified as Residential Class IV Type - III.

How the guideline value of Kanagasabai 3rd Cross Street has changed

The guideline value for Kanagasabai 3rd Cross Street has seen several revisions over the years. The earliest recorded revision was in 2007, where the value was Rs 620 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a change of +303%. The value remained unchanged at Rs 2,500 per sq.ft until the 2023 revision, which also did not alter the figure. However, in 2024, the guideline value rose to Rs 2,700 per sq.ft, reflecting an increase of +8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by +335%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 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, making the 2024 figure for Kanagasabai 3rd Cross Street below the median.

• Kanagasabai 2nd Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 4th Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 1st Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 5th Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 6th Cross Street: Rs 2,700 per sq.ft (2024)
• Kanagasabai 7th Cross Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kanagasabai 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kanagasabai 3rd Cross Street?

The Sub Registrar Office that covers Kanagasabai 3rd Cross Street is 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

When buying or selling property in Kodambakkam, the guideline value plays a crucial role in determining the taxes and fees involved in the transaction. The guideline value is used to calculate the stamp duty and registration fees, which are mandatory for property registration.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the overall cost of the transaction. Ensuring that the property is valued correctly according to the guideline value can help avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kanagasabai 3rd Cross Street?

The current guideline value of Kanagasabai 3rd Cross Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 620 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of +335% over the years.

What is the median guideline value in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with Kanagasabai 3rd Cross Street's 2024 value being below this median.

What are the stamp duty and registration fees for property in Kanagasabai 3rd Cross Street?

The stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft property at the current guideline value, the total fees would amount to Rs 2,43,000.

Which office handles registrations for Kanagasabai 3rd Cross Street?

The Ashok Nagar Sub Registrar Office handles registrations for Kanagasabai 3rd Cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.