Guideline Value for Kasiviswanathan Street

Kasiviswanathan Street guideline value

The current guideline value of Kasiviswanathan 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 Street has changed

The guideline value for Kasiviswanathan Street has seen significant changes over the years. In 2007, the guideline value was Rs 1,460 per sq.ft, which rose dramatically to Rs 7,000 per sq.ft in the 2012 revision, marking an increase of 379%. The most recent revision in 2024 set the value at Rs 7,700 per sq.ft, representing a 10% increase from the 2012 figure.

There are no figures available for the years 2023, 2017, 2003, and 2002 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 for these streets is Rs 4,900 per sq.ft, placing Kasiviswanathan Street's 2024 figure above that median.

• Kasiviswanathan Colony 6th Street: Rs 7,700 per sq.ft (2024)
• Kasiviswanathan Colony 5th 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 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 is calculated at 7%, which totals Rs 5,39,000, while the registration fee at 2% amounts to Rs 1,54,000. Together, the total cost for stamp duty and registration fee is Rs 6,93,000. 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 Street?

The Sub Registrar Office that covers Kasiviswanathan Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a critical factor when registering a property in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Kasiviswanathan Street?

The current guideline value of Kasiviswanathan 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, marking a total increase of 427% over the years.

What are the stamp duty and registration fees for properties on this street?

For a 1,000 sq.ft property at the current guideline value, the total stamp duty and registration fees would amount to Rs 6,93,000.

Which Sub Registrar Office handles transactions for this street?

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

What is the land classification for Kasiviswanathan Street?

The land classification for Kasiviswanathan Street is Mixed Type - II.