Guideline Value for Kodambakkam Road

Kodambakkam Road guideline value

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

How the guideline value of Kodambakkam Road has changed

The guideline value for Kodambakkam Road has seen several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 1,500 per sq.ft. This figure experienced a significant increase to Rs 7,500 per sq.ft in the 2012 revision. The value remained unchanged at Rs 7,500 per sq.ft through the 2023 revision, before rising to Rs 8,200 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 447%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Kodambakkam

Kodambakkam village features 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values 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 Road's 2024 figure above the median.

• 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)
• 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 Road

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, while the registration fee at 2% would be Rs 1,64,000, bringing the total cost for these fees to Rs 7,38,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kodambakkam Road?

The Sub Registrar Office that covers Kodambakkam Road is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 the registration process of property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Kodambakkam Road?

The current guideline value of Kodambakkam Road 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 1,500 per sq.ft in 2007 to Rs 8,200 per sq.ft in 2024, which is an overall increase of 447%.

What are the stamp duty and registration fees for properties in Kodambakkam Road?

For a property valued at Rs 82,00,000, the stamp duty would be Rs 5,74,000 and the registration fee would be Rs 1,64,000, totaling Rs 7,38,000.

Which Sub Registrar Office handles transactions for Kodambakkam Road?

The Ashok Nagar Sub Registrar Office handles transactions for Kodambakkam Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Kodambakkam Road?

The land classification for Kodambakkam Road is Commercial Special Type - II, indicating its designation for commercial use.