Guideline Value for Kodambakkam Pudur Block 10

Kodambakkam Pudur Block 10 guideline value

The current guideline value for Kodambakkam Pudur Block 10 is Rs 8,200 per sq.ft, effective from 1 July 2024. This area is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this block is Commercial Special Type - II.

How the guideline value of Kodambakkam Pudur Block 10 has changed

The guideline value for Kodambakkam Pudur Block 10 has seen several revisions over the years. In 2007, the value was Rs 1,460 per sq.ft, which increased significantly to Rs 7,500 per sq.ft in 2012, marking a rise of 414%. However, between 2012 and 2017, the value decreased to Rs 5,025 per sq.ft, a drop of 33%. The value then rose sharply to Rs 7,500 per sq.ft in 2023, and has now reached Rs 8,200 per sq.ft in the 2024 revision, an increase of 9%.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 462%.

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 Kodambakkam Pudur Block 10's 2024 figure above this median.

• Kodambakkam New Colony: Rs 8,200 per sq.ft (2024)
• Kodambakkam Pudur Salai Block 56: Rs 8,200 per sq.ft (2024)
• Kodambakkam Road: Rs 8,200 per sq.ft (2024)
• Kodambakkam Road Block 64(Mettupalayam): Rs 8,200 per sq.ft (2024)
• Kodambakkam Road West Block 64: Rs 8,200 per sq.ft (2024)
• Kodambakkam Block 54: Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kodambakkam Pudur Block 10

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value amounts to Rs 82,00,000. The stamp duty at 7% would be Rs 5,74,000, and the registration fee at 2% would be Rs 1,64,000, bringing the total to Rs 7,38,000. Please 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 detailed calculations.

Which Sub Registrar Office covers Kodambakkam Pudur Block 10?

Kodambakkam Pudur Block 10 is covered by 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 serves as a benchmark for property transactions in Kodambakkam. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

It is important to note that the guideline value is not the same as the market value of a property, which may vary based on various factors. However, it plays a crucial role in the legal and financial aspects of property transactions in the area.

Frequently asked questions

What is the current guideline value of Kodambakkam Pudur Block 10?

The current guideline value of Kodambakkam Pudur Block 10 is Rs 8,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 1,460 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, which is an overall increase of 462%.

What is the land classification for Kodambakkam Pudur Block 10?

The land classification for Kodambakkam Pudur Block 10 is Commercial Special Type - II, indicating its suitability for commercial activities.

Where can I find the Ashok Nagar Sub Registrar Office?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.

How is stamp duty calculated for properties in Kodambakkam Pudur Block 10?

Stamp duty for properties in Kodambakkam Pudur Block 10 is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 5,74,000.