Guideline Value for Kasi Estate 5th Street

Kasi Estate 5th Street guideline value

The current guideline value of Kasi Estate 5th 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 5th Street has changed

The guideline value for Kasi Estate 5th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 6,600 per sq.ft, an increase of 10% from the 2023 revision of Rs 6,000 per sq.ft. Prior to this, the guideline value remained unchanged at Rs 6,000 per sq.ft from the 2012 revision to the 2023 revision.

There are no figures available for the years 2002, 2003, 2007, and 2017 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 guideline value for these streets is Rs 4,900 per sq.ft, placing Kasi Estate 5th Street above this median.

• Kasi Estate 4th Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate 3rd Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate 2nd Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate 1st 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 5th 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, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasi Estate 5th Street?

The Sub Registrar Office that covers Kasi Estate 5th 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 serves as a benchmark for property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property.

When registering a property, the guideline value is crucial as it ensures that the transaction is recorded at a standardized value, helping to maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Kasi Estate 5th Street?

The current guideline value of Kasi Estate 5th 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 has changed from Rs 6,000 per sq.ft in 2023 to Rs 6,600 per sq.ft in 2024, marking a 10% increase. From 2012 to 2024, the overall increase is also 10%.

What is the median guideline value in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft. Kasi Estate 5th Street's guideline value is above this median.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where is the Sub Registrar Office for Kasi Estate 5th Street located?

The Sub Registrar Office for Kasi Estate 5th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.