Guideline Value for Kodambakkam High Road

Kodambakkam High Road guideline value

The current guideline value of Kodambakkam High Road is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Nandambakkam village under the Padappai SRO, classified as Commercial Class I Type - I.

How the guideline value of Kodambakkam High Road has changed

The guideline value for Kodambakkam High Road has undergone several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,100 per sq.ft in the 2023 revision, and currently stands at Rs 1,210 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nandambakkam

Nandambakkam village has a total of 94 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, positioning Kodambakkam High Road above this median.

• Krishna Nagar: Rs 990 per sq.ft (2024)
• Kumaran Nagar: Rs 990 per sq.ft (2024)
• LakshmiNagar: Rs 880 per sq.ft (2024)
• Lakshmi Nagar Entn: Rs 990 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 720 per sq.ft (2024)
• Kamakshi Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Kodambakkam High Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty, charged at 7%, would be Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, the total cost for stamp duty and registration fee would be Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kodambakkam High Road?

The Sub Registrar Office that covers Kodambakkam High Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Nandambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately and legally.

When a property is sold, the guideline value is used to assess the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions within the area.

Frequently asked questions

What is the current guideline value of Kodambakkam High Road?

The current guideline value of Kodambakkam High Road is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and currently stands at Rs 1,210 per sq.ft in 2024.

What is the land classification for Kodambakkam High Road?

Kodambakkam High Road is classified as Commercial Class I Type - I, indicating its commercial significance in the area.

Where can I find the registration office for Kodambakkam High Road?

The registration office for Kodambakkam High Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Kodambakkam High Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total stamp duty of Rs 84,700 at 7%.