Guideline Value for Kasikulam

Kasikulam guideline value

The current guideline value of Kasikulam, located in Kodambakkam village under the Ashok Nagar SRO, is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Kasikulam has changed

The guideline value of Kasikulam has undergone several revisions over the years. In 2007, the value was Rs 620 per sq.ft, which saw a significant increase to Rs 5,000 per sq.ft in 2012. This was a remarkable change of 706%. The value remained unchanged at Rs 5,000 per sq.ft until the 2023 revision, which set it at Rs 5,000 per sq.ft. In 2024, the value increased by 10% to Rs 5,500 per sq.ft.

The register does not provide figures for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 787%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing the 2024 figure for Kasikulam above this median.

• Kasi Estate 5th Street: Rs 6,600 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in Kasikulam

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, resulting in a total of Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasikulam?

The Sub Registrar Office that covers Kasikulam 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 is a crucial factor when buying or selling property in Kodambakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the registration process.

When a property is sold, the guideline value helps in ensuring transparency and fairness in the transaction. It serves as a benchmark for both buyers and sellers, providing a clear understanding of the property's worth as recognized by the government.

Frequently asked questions

What is the current guideline value of Kasikulam?

The current guideline value of Kasikulam is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 620 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 787%.

What are the other streets in Kodambakkam with their guideline values?

Other streets in Kodambakkam include Kasi Estate 1st to 5th Streets, all valued at Rs 6,600 per sq.ft in 2024, and Kasi Estate itself at the same rate.

How is stamp duty calculated for properties in Kasikulam?

Stamp duty for properties in Kasikulam is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would amount to Rs 3,85,000.

Where is the Sub Registrar Office for Kasikulam located?

The Sub Registrar Office for Kasikulam is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.