Guideline Value for Kesavaperumal Street

Kesavaperumal Street guideline value

The current guideline value of Kesavaperumal Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Kesavaperumal Street has changed

In the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 5,000 per sq.ft, marking a change of +313%. The value remained unchanged at Rs 5,000 per sq.ft in the 2023 revision, before increasing to Rs 5,500 per sq.ft in the 2024 revision, reflecting a change of +10%.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by +355%. It is important to note that 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 value in this area is Rs 4,900 per sq.ft, making the 2024 guideline value of Kesavaperumal Street above that median.

• Kirupa Colony: Rs 11,000 per sq.ft (2024)
• K.K.Nagar 10th Sector 54th Street: Rs 7,000 per sq.ft (2024)
• K.K.Nagar 10th Sector 56th Street: Rs 7,000 per sq.ft (2024)
• K.K.Nagar 10th Sector 57th Street: Rs 7,000 per sq.ft (2024)
• K.K.Nagar 10th Sector 58th Street: Rs 7,000 per sq.ft (2024)
• K.K.Nagar 10th Sector 59th Street: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in Kesavaperumal Street

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. 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 Kesavaperumal Street?

The Sub Registrar Office that covers Kesavaperumal Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kodambakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that all transactions are conducted transparently and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Kesavaperumal Street?

The current guideline value of Kesavaperumal Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of +355% over the years.

What is the stamp duty for property on Kesavaperumal Street?

The stamp duty for property on Kesavaperumal Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Kesavaperumal Street located?

The Sub Registrar Office for Kesavaperumal Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the guideline values of other streets in Kodambakkam?

Other streets in Kodambakkam have guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median of Rs 4,900 per sq.ft. Kesavaperumal Street's value is above this median.