Guideline Value for Kasiviswanathan Colony 1st Street

Kasiviswanathan Colony 1st Street guideline value

The current guideline value of Kasiviswanathan Colony 1st Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Mixed Type - II.

How the guideline value of Kasiviswanathan Colony 1st Street has changed

The guideline value for Kasiviswanathan Colony 1st Street has seen several revisions over the years. In 2007, the value was Rs 3,240 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in both 2012 and 2023. The 2024 revision brought the value up to Rs 7,700 per sq.ft, marking a 10% increase from the previous year.

Between 2007 and 2012, there was a substantial increase of 116%, while the value remained unchanged from 2012 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 138%. The register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 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 Kasiviswanathan Colony 1st Street above the median.

• Kasiviswanathan Colony 2nd Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 3rd Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 4th Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 5th Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 6th Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kasiviswanathan Colony 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. Please 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 Kasiviswanathan Colony 1st Street?

The Sub Registrar Office covering Kasiviswanathan Colony 1st Street 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 online for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of property transfer.

Frequently asked questions

What is the current guideline value of Kasiviswanathan Colony 1st Street?

The current guideline value of Kasiviswanathan Colony 1st Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions: it was Rs 3,240 per sq.ft in 2007, Rs 7,000 per sq.ft in 2012 and 2023, and is now Rs 7,700 per sq.ft in 2024.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with Kasiviswanathan Colony 1st Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000.

Which office handles registrations for Kasiviswanathan Colony 1st Street?

The Ashok Nagar Sub Registrar Office is responsible for handling registrations for Kasiviswanathan Colony 1st Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.