Guideline Value for Kasi Estate 4th Street

Kasi Estate 4th Street guideline value

The current guideline value of Kasi Estate 4th Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Kasi Estate 4th Street has changed

The guideline value for Kasi Estate 4th Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was set at Rs 6,000 per sq.ft. This figure remained unchanged until the next revision in 2023, which also recorded Rs 6,000 per sq.ft. However, in the 2024 revision, the guideline value increased by 10% to Rs 6,600 per sq.ft.

From 2012 to 2024, the overall change in the guideline value is a 10% increase. It is notable that there are no recorded figures for the years 2002, 2003, 2007, and 2017 in the register for this street.

Guideline values in Kodambakkam

Kodambakkam village features 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 for these streets is Rs 4,900 per sq.ft, placing the 2024 figure for Kasi Estate 4th Street above this median.

• Kasi Estate 1st Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate 2nd Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate 3rd Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate 5th Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate: Rs 6,600 per sq.ft (2024)
• Kasikulam: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Kasi Estate 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kasi Estate 4th Street?

The Sub Registrar Office that covers Kasi Estate 4th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the higher amount between the guideline value and the sale price is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for Kasi Estate 4th Street?

The current guideline value for Kasi Estate 4th 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 for Kasi Estate 4th Street was Rs 6,000 per sq.ft in 2012 and remained the same until 2023. In 2024, it increased to Rs 6,600 per sq.ft, reflecting a 10% rise from the previous year.

What is the land classification for Kasi Estate 4th Street?

The land classification for Kasi Estate 4th Street is Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Kasi Estate 4th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Kodambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at a rate of 7%.