Guideline Value for Police Qtrs 34th Street

Police Qtrs 34th Street guideline value

The current guideline value of Police Qtrs 34th Street is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Police Qtrs 34th Street has changed

The guideline value for Police Qtrs 34th Street has seen several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 3,750 per sq.ft in 2012. However, this value decreased to Rs 2,512 per sq.ft in 2017. The subsequent revision in 2023 raised the guideline value to Rs 3,750 per sq.ft, before reaching the current value of Rs 4,100 per sq.ft in 2024.

Between the revisions, there have been notable changes. From 2017 to 2023, the guideline value increased by 49%. The 2012 to 2017 period saw a decrease of 33%, while the 2007 to 2012 period experienced a substantial increase of 210%. Overall, from 2007 to 2024, the guideline value has increased by 239%. The register has no figures for the years 2002 and 2003 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, placing the 2024 value of Police Qtrs 34th Street below this median.

• Police Qtrs 61st Street: Rs 4,100 per sq.ft (2024)
• Police Quarters: Rs 7,600 per sq.ft (2024)
• Ponmanasemmal Street S.No.394/2: Rs 2,700 per sq.ft (2024)
• Ponnambalam Salai: Rs 8,800 per sq.ft (2024)
• Ponnammal Nagar: Rs 4,100 per sq.ft (2024)
• Pilliaiyar Koil Street Block 91, 92: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Police Qtrs 34th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, while the registration fee at 2% would be Rs 82,000. Together, the total cost for these fees would be Rs 3,69,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Police Qtrs 34th Street?

The Police Qtrs 34th Street 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. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kodambakkam

The guideline value is an important factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is assessed to ensure that the transaction is recorded accurately. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price. This ensures that all property transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Police Qtrs 34th Street?

The current guideline value of Police Qtrs 34th Street is Rs 4,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,210 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, marking an overall increase of 239% over the years.

What is the land classification for Police Qtrs 34th Street?

The land classification for Police Qtrs 34th Street is Residential Class IV Type - I.

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 the stamp duty calculated for property transactions?

The stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 41,00,000, the stamp duty at 7% would be Rs 2,87,000.