Guideline Value for Kasi Estate

Kasi Estate guideline value

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

How the guideline value of Kasi Estate has changed

The guideline value for Kasi Estate has undergone several revisions over the years. The earliest recorded value was Rs 2,110 per sq.ft in 2007. This figure saw a significant increase to Rs 6,000 per sq.ft in 2012, marking a change of +184%. The value remained unchanged at Rs 6,000 per sq.ft until the next revision in 2023, where it increased to Rs 6,600 per sq.ft, reflecting a +10% change. Overall, from 2007 to 2024, the guideline value has increased by +213%.

There are no figures available for the years 2002, 2003, and 2017 for this street. The most recent revision in 2024 has set the value at Rs 6,600 per sq.ft.

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 value for these streets is Rs 4,900 per sq.ft, positioning Kasi Estate 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 4th Street: Rs 6,600 per sq.ft (2024)
• Kasi Estate 5th Street: 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

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 at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total charges to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kasi Estate?

The Sub Registrar Office that covers Kasi Estate 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 plays a crucial role in the registration process of 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 the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Kasi Estate?

The current guideline value of Kasi Estate 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 increased from Rs 2,110 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of +213%.

What are the other streets in Kodambakkam with the same guideline value?

Other streets in Kodambakkam with the same guideline value of Rs 6,600 per sq.ft include Kasi Estate 1st Street, 2nd Street, 3rd Street, 4th Street, and 5th Street.

Where can I find the Sub Registrar Office for Kasi Estate?

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

How is the stamp duty calculated for property transactions?

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