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Guideline Value

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Guideline Value for Dr. Kannu Nagar N.S.C. Bose Street

₹2200/sq.ft.

The guideline value for Dr. Kannu Nagar N.s.c. Bose Street in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹620 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561082
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Dr. Kannu Nagar N.s.c. Bose Street

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Dr. Kannu Nagar N.S.C. Bose Street guideline value

The current guideline value of Dr. Kannu Nagar N.S.C. Bose Street is Rs 2,200 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 V Type - I.

How the guideline value of Dr. Kannu Nagar N.S.C. Bose Street has changed

The guideline value for Dr. Kannu Nagar N.S.C. Bose Street has seen several revisions over the years. In the 2007 revision, the value was Rs 620 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. However, this figure decreased to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value rose to Rs 2,000 per sq.ft in the 2023 revision, and currently stands at Rs 2,200 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

Between the revisions, the changes have been substantial. The increase from Rs 1,340 per sq.ft in 2017 to Rs 2,000 per sq.ft in 2023 represents a 49% rise. The value then increased by 10% to reach Rs 2,200 per sq.ft in 2024. Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 255%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. Dr. Kannu Nagar N.S.C. Bose Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Dr. Kannu Nagar N.S.C. Bose Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Kannu Nagar N.S.C. Bose Street?

The Sub Registrar Office that covers Dr. Kannu Nagar N.S.C. Bose Street is 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 more information.

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

When buying or selling property in Kodambakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark to determine the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is assessed at a fair value for taxation purposes. Buyers and sellers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Dr. Kannu Nagar N.S.C. Bose Street?

The current guideline value of Dr. Kannu Nagar N.S.C. Bose Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 620 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 255% over the years.

What is the land classification for Dr. Kannu Nagar N.S.C. Bose Street?

Dr. Kannu Nagar N.S.C. Bose Street is classified as Residential Class V Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office should I visit for transactions in Dr. Kannu Nagar N.S.C. Bose Street?

The Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, is the office that covers transactions for Dr. Kannu Nagar N.S.C. Bose Street.