Guideline Value for Kasiviswanathan Colony 3rd Street

Kasiviswanathan Colony 3rd Street guideline value

The current guideline value of Kasiviswanathan Colony 3rd 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 land.

How the guideline value of Kasiviswanathan Colony 3rd Street has changed

The guideline value for Kasiviswanathan Colony 3rd Street has undergone several revisions over the years. The earliest recorded figure was Rs 1,460 per sq.ft in 2007, which saw a significant increase to Rs 7,000 per sq.ft in 2012, marking a change of +379%. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, reflecting a +10% increase from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2017, and 2023 for this street. Overall, from 2007 to 2024, the guideline value has increased by +427%.

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, placing the 2024 figure for Kasiviswanathan Colony 3rd Street above this median.

• Kasiviswanathan Colony 2nd Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 4th Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 1st 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 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total fees together to Rs 6,93,000. 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 details.

Which Sub Registrar Office covers Kasiviswanathan Colony 3rd Street?

The Sub Registrar Office that covers Kasiviswanathan Colony 3rd 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 for further assistance.

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 the benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an official valuation rather than the sale price alone.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations involved in the transaction. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Kasiviswanathan Colony 3rd Street?

The current guideline value of Kasiviswanathan Colony 3rd Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 1,460 per sq.ft to Rs 7,700 per sq.ft in 2024, which is an overall increase of +427%.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, which is lower than the current value of Rs 7,700 per sq.ft for Kasiviswanathan Colony 3rd Street.

What are the stamp duty and registration fees for a property in this area?

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.

Where can I find the Sub Registrar Office for Kasiviswanathan Colony 3rd Street?

The Sub Registrar Office for Kasiviswanathan Colony 3rd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.