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Guideline Value

Corporate

Guideline Value for Kodambakkam Pudur Salai Block 56

₹8200/sq.ft.

The guideline value for Kodambakkam Pudur Salai Block 56 in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 8200 per sq.ft, effective 1 July 2024. It was Rs 7500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Commercial Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹8200 /sq.ft.
From 1-4-2023 ₹7500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹7500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1460 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Kodambakkam Pudur Salai Block 56

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Kodambakkam Pudur Salai Block 56 guideline value

The current guideline value for Kodambakkam Pudur Salai Block 56 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 Salai Block 56 has changed

The guideline value for Kodambakkam Pudur Salai Block 56 has seen significant changes over the years. In the 2007 revision, the guideline value was Rs 1,460 per sq.ft. This figure rose dramatically to Rs 7,500 per sq.ft in the 2012 revision, marking an increase of 414%. The value remained unchanged at Rs 7,500 per sq.ft in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 8,200 per sq.ft, reflecting a change of 9% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 462%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, indicating that the guideline value for Kodambakkam Pudur Salai Block 56 is above this median.

Stamp duty and registration fee for property in Kodambakkam Pudur Salai Block 56

For a 1,000 sq.ft plot at the current guideline value of Rs 8,200 per sq.ft, the total guideline value would be Rs 82,00,000. The stamp duty at 7% would amount to Rs 5,74,000, while the registration fee at 2% would be Rs 1,64,000. Together, these costs would total Rs 7,38,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kodambakkam Pudur Salai Block 56?

The Sub Registrar Office that covers Kodambakkam Pudur Salai Block 56 is 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 plays a crucial role in property transactions in Kodambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and complies with the legal requirements set by the Registration Department.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations associated with the property transaction. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value for Kodambakkam Pudur Salai Block 56?

The current guideline value for Kodambakkam Pudur Salai Block 56 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, 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 Salai Block 56?

The land classification for Kodambakkam Pudur Salai Block 56 is Commercial Special Type - II.

Where is the Sub Registrar Office for Kodambakkam Pudur Salai Block 56 located?

The Sub Registrar Office for Kodambakkam Pudur Salai Block 56 is 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 guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 82,00,000, leading to significant fees.