Guideline Value for Kasiviswanathan Colony 6th Street

Kasiviswanathan Colony 6th Street guideline value

The current guideline value of Kasiviswanathan Colony 6th 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 6th Street has changed

The guideline value for Kasiviswanathan Colony 6th Street has seen several revisions over the years. The earliest recorded figure was Rs 1,460 per sq.ft in 2007, which increased significantly to Rs 7,000 per sq.ft in 2012, marking a change of +379%. The latest revision in 2024 set the value at Rs 7,700 per sq.ft, reflecting a +10% increase from the 2012 figure.

It is important to note that 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 that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value among these streets is Rs 4,900 per sq.ft, indicating that the guideline value for Kasiviswanathan Colony 6th Street is above this median.

• Kasiviswanathan Colony 5th Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 4th Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 3rd Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 2nd Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 1st Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Kasiviswanathan Colony 6th 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, bringing the total fees together to Rs 6,93,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasiviswanathan Colony 6th Street?

The Sub Registrar Office that covers Kasiviswanathan Colony 6th 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 more details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kodambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value as per government regulations.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kasiviswanathan Colony 6th Street?

The current guideline value of Kasiviswanathan Colony 6th 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 from Rs 1,460 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of +427% over the years.

What is the land classification for Kasiviswanathan Colony 6th Street?

The land classification for Kasiviswanathan Colony 6th Street is Mixed Type - II, which indicates the type of land use permitted in this area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Kasiviswanathan Colony 6th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For instance, 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.