Guideline Value for Kasi Estate 3rd Street

Kasi Estate 3rd Street guideline value

The current guideline value of Kasi Estate 3rd Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class II Type - II.

How the guideline value of Kasi Estate 3rd Street has changed

In the 2012 revision, the guideline value for Kasi Estate 3rd Street was Rs 6,000 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 6,000 per sq.ft. However, the 2024 revision saw an increase of 10%, bringing the guideline value to Rs 6,600 per sq.ft.

The overall change from the 2012 revision to the 2024 revision is an increase of 10%. It is important to note that the register has no figures for this street in the years 2002, 2003, 2007, and 2017.

Guideline values in Kodambakkam

Kodambakkam village has a total of 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, making the 2024 figure for Kasi Estate 3rd Street above that median.

• Kasi Estate: Rs 6,600 per sq.ft (2024)
• Kasi Estate 1st Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate 2nd Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate 4th Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate 5th Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Kasi Estate 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty, charged at 7%, would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000. Together, the total cost for stamp duty and registration fee would be Rs 5,94,000. Duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasi Estate 3rd Street?

The Sub Registrar Office that covers Kasi Estate 3rd 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 information.

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

The guideline value is an important factor during property registration in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kasi Estate 3rd Street?

The current guideline value of Kasi Estate 3rd Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 6,000 per sq.ft in 2012 to Rs 6,600 per sq.ft in 2024, marking a 10% increase. There was no change in the value from 2012 to 2023.

What is the registration office for Kasi Estate 3rd Street?

The registration office for Kasi Estate 3rd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Kasi Estate 3rd Street is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

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