Guideline Value for Kasiviswanathan Colony 4th Street

Kasiviswanathan Colony 4th Street guideline value

The current guideline value of Kasiviswanathan Colony 4th Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Kasiviswanathan Colony 4th Street has changed

The guideline value for Kasiviswanathan Colony 4th Street has undergone several revisions over the years. The oldest recorded figure is from the 2007 revision, which set the value at Rs 1,460 per sq.ft. This figure saw a significant increase in the 2012 revision, rising to Rs 7,000 per sq.ft, marking a change of +379%. The most recent revision in 2024 has further increased the guideline value to Rs 7,700 per sq.ft, which is a +10% rise from the 2012 figure.

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

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, 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, placing the 2024 figure for Kasiviswanathan Colony 4th Street above this median.

• Kasiviswanathan Colony 1st Street: Rs 7,700 per sq.ft (2024)
• 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 4th 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, while the registration fee at 2% would be Rs 1,54,000. Together, these fees total 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasiviswanathan Colony 4th Street?

The Sub Registrar Office that covers Kasiviswanathan Colony 4th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kasiviswanathan Colony 4th Street?

The current guideline value of Kasiviswanathan Colony 4th 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 changed significantly from Rs 1,460 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, marking an overall increase of +427%.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 6,93,000.

Which office handles registrations for Kasiviswanathan Colony 4th Street?

The Ashok Nagar Sub Registrar Office handles registrations for Kasiviswanathan Colony 4th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Kodambakkam?

The median guideline value for the 1,031 streets in Kodambakkam under the Ashok Nagar SRO is Rs 4,900 per sq.ft, with Kasiviswanathan Colony 4th Street's value being above this median.