Guideline Value for Saidapettai Kodambakkam Road

Saidapettai Kodambakkam Road guideline value

The current guideline value of Saidapettai Kodambakkam Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Kodambakkam village and falls under the Ashok Nagar SRO, classified as Residential Class II Type - II.

How the guideline value of Saidapettai Kodambakkam Road has changed

Since the 2007 revision, the guideline value has seen significant changes. The 2007 revision recorded a value of Rs 3,170 per sq.ft, which increased to Rs 6,000 per sq.ft in both the 2012 and 2023 revisions. There is no figure available for the years 2002, 2003, and 2017. The most recent revision in 2024 saw an increase to Rs 6,600 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 108%. The 2012 to 2023 period saw no change, while the jump from 2007 to 2012 was a substantial 89% increase.

Guideline values in Kodambakkam

Kodambakkam has a total of 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 the 2024 figure for Saidapettai Kodambakkam Road above this median.

• Saidai Sambandam Street Block 93: Rs 5,500 per sq.ft (2024)
• Sagunthala Street: Rs 4,900 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 Saidapettai Kodambakkam Road

For a 1,000 sq.ft plot at the current rate of Rs 6,600 per sq.ft, the guideline value totals Rs 66,00,000. The stamp duty at 7% amounts to Rs 4,62,000, while the registration fee at 2% is Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saidapettai Kodambakkam Road?

The Sub Registrar Office covering Saidapettai Kodambakkam Road 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 in property transactions in Kodambakkam. When buying or selling property, it serves as a benchmark for determining the applicable stamp duty and registration fees. The fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers ensure compliance with local regulations during property transactions. It is essential to refer to the latest figures when planning any real estate activities in the area.

Frequently asked questions

What is the current guideline value of Saidapettai Kodambakkam Road?

The current guideline value of Saidapettai Kodambakkam Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 3,170 per sq.ft to Rs 6,600 per sq.ft in 2024, marking an overall increase of 108%.

What are the guideline values for other streets in Kodambakkam?

Other streets in Kodambakkam have 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft.

What fees are associated with buying property on Saidapettai Kodambakkam Road?

When buying property, the stamp duty is calculated at 7% of the guideline value, and the registration fee is 2% of the guideline value. Together, these fees can amount to significant sums based on the property's size.

Which office handles registrations for properties on Saidapettai Kodambakkam Road?

The Ashok Nagar Sub Registrar Office is responsible for handling registrations for properties on Saidapettai Kodambakkam Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.