Guideline Value for Kodambakkam Road Block 64(Mettupalayam)

Kodambakkam Road Block 64(Mettupalayam) guideline value

The current guideline value for Kodambakkam Road Block 64(Mettupalayam) is Rs 8,200 per sq.ft, effective from 1 July 2024. This property is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Commercial Special Type - II.

How the guideline value of Kodambakkam Road Block 64(Mettupalayam) has changed

The guideline value for this street has seen a revision from Rs 7,500 per sq.ft in 2023 to Rs 8,200 per sq.ft in 2024, marking an increase of 9%. Prior to that, the value remained unchanged at Rs 7,500 per sq.ft from the 2012 revision until 2023.

There are no figures available for the revisions in 2017, 2007, 2003, and 2002 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values in 2024 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, positioning the 2024 figure for Kodambakkam Road Block 64(Mettupalayam) above this median.

• Kodambakkam Road West Block 64: Rs 8,200 per sq.ft (2024)
• Kodambakkam Road: Rs 8,200 per sq.ft (2024)
• Kodambakkam Pudur Salai Block 56: Rs 8,200 per sq.ft (2024)
• Kodambakkam Pudur Block 10: Rs 8,200 per sq.ft (2024)
• Kodambakkam New Colony: Rs 8,200 per sq.ft (2024)
• Kodikathakumaran Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Kodambakkam Road Block 64(Mettupalayam)

For a 1,000 sq.ft plot at the current rate of Rs 8,200 per sq.ft, the 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, totaling Rs 7,38,000. The duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kodambakkam Road Block 64(Mettupalayam)?

The Sub Registrar Office that covers Kodambakkam Road Block 64(Mettupalayam) 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 plays a crucial role in property transactions in Kodambakkam. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate revenue based on the official valuation of the property.

When selling property, the guideline value can influence the sale price, as it provides a benchmark for both buyers and sellers. Understanding the guideline value is essential for anyone looking to navigate the property market in Kodambakkam effectively.

Frequently asked questions

What is the current guideline value for Kodambakkam Road Block 64(Mettupalayam)?

The current guideline value for Kodambakkam Road Block 64(Mettupalayam) 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 increased from Rs 7,500 per sq.ft in 2023 to Rs 8,200 per sq.ft in 2024, a change of 9%. It remained at Rs 7,500 per sq.ft from 2012 to 2023.

What is the land classification for this area?

The land classification for Kodambakkam Road Block 64(Mettupalayam) is Commercial Special Type - II.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 7,38,000, calculated based on the guideline value of Rs 82,00,000.

Which office handles registrations for this area?

The Ashok Nagar Sub Registrar Office handles registrations for Kodambakkam Road Block 64(Mettupalayam), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.