Guideline Value for Sagunthala Street

Sagunthala Street guideline value

The current guideline value of Sagunthala Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and falls under the Residential Class III Type - II land classification.

How the guideline value of Sagunthala Street has changed

The guideline value for Sagunthala Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 1,210 per sq.ft, which saw a significant increase to Rs 4,500 per sq.ft in both the 2012 and 2023 revisions. The register has no figure for the years 2002, 2003, and 2017.

As of the 2024 revision, the guideline value increased to Rs 4,900 per sq.ft, marking a 9% rise from the 2023 figure. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 305%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which is equal to the current guideline value of Sagunthala Street.

• Saidai Sambandam Street Block 93: Rs 5,500 per sq.ft (2024)
• Saidapettai Kodambakkam Road: Rs 6,600 per sq.ft (2024)
• R.V. Nagar A to Z Blocks & AA Block: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 76th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 75th Street: Rs 4,900 per sq.ft (2024)
• R.V. Nagar 74th Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sagunthala Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. 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 details.

Which Sub Registrar Office covers Sagunthala Street?

The Sub Registrar Office that covers Sagunthala Street 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 is a crucial factor when buying or selling property in Kodambakkam, as it determines the minimum price at which a property can be registered. It is essential for calculating the stamp duty and registration fees that buyers need to pay during the transaction.

When you register a property, the guideline value or the sale price, whichever is higher, is taken into account for calculating the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sagunthala Street?

The current guideline value of Sagunthala Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 305% over this period.

What are the other streets in Kodambakkam with similar guideline values?

Other streets in Kodambakkam with similar guideline values include R.V. Nagar A to Z Blocks & AA Block, R.V. Nagar 76th Street, R.V. Nagar 75th Street, and R.V. Nagar 74th Street, all at Rs 4,900 per sq.ft for 2024.

Where can I find the Sub Registrar Office for Sagunthala Street?

The Sub Registrar Office covering Sagunthala Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in Kodambakkam?

Stamp duty for properties in Kodambakkam is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 49,00,000, the stamp duty would be calculated at 7% of this amount.