Guideline Value for Kothandam Street Block 85

Kothandam Street Block 85 guideline value

The current guideline value of Kothandam Street Block 85 is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Kothandam Street Block 85 has changed

The guideline value for Kothandam Street Block 85 has undergone several revisions since 2007. In 2007, the guideline value was Rs 800 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a 275% increase. The most recent revision in 2024 saw the value rise to Rs 3,300 per sq.ft, representing a 10% increase from the 2012 figure.

There are no figures available for the revisions in 2023, 2017, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 313%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Kothandam Street Block 85's 2024 figure below this median.

• Kothanda Ramapillai Thottam: Rs 3,300 per sq.ft (2024)
• Kothandaramasamy Koil South Street: Rs 3,300 per sq.ft (2024)
• Kovalan Street (Pari Nagar): Rs 4,400 per sq.ft (2024)
• Kodikathakumaran Street: Rs 3,300 per sq.ft (2024)
• Kodambakkam Road West Block 64: Rs 8,200 per sq.ft (2024)
• Kodambakkam Road Block 64(Mettupalayam): Rs 8,200 per sq.ft (2024)

Stamp duty and registration fee for property in Kothandam Street Block 85

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kothandam Street Block 85?

The Sub Registrar Office that covers Kothandam Street Block 85 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 the registration process when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered alongside the sale price, with duty charged on whichever amount is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kothandam Street Block 85?

The current guideline value of Kothandam Street Block 85 is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 313% over the years.

What is the land classification of Kothandam Street Block 85?

Kothandam Street Block 85 is classified as Residential Class IV Type - II.

Where can I find the Sub Registrar Office for Kothandam Street Block 85?

The Ashok Nagar Sub Registrar Office covers Kothandam Street Block 85 and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Kodambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.