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Guideline Value

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Guideline Value for K.K.Nagar 1st Sector 1st Street

₹7000/sq.ft.

The guideline value for K.k.nagar 1st Sector 1st Street in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 7000 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹7000 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1210 /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 K.k.nagar 1st Sector 1st Street

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K.K.Nagar 1st Sector 1st Street guideline value

The current guideline value of K.K.Nagar 1st Sector 1st Street is Rs 7,000 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 Special Type - III.

How the guideline value of K.K.Nagar 1st Sector 1st Street has changed

The guideline value for K.K.Nagar 1st Sector 1st Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 1,210 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 437%. However, this value dropped to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 7,000 per sq.ft, an 8% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 479%.

Guideline values in Kodambakkam

Kodambakkam village 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 guideline value in this area is Rs 4,900 per sq.ft, making the current value of K.K.Nagar 1st Sector 1st Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 1st Sector 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,000 per sq.ft, the total guideline value amounts to Rs 70,00,000. The stamp duty at 7% would be Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000, making the total fees Rs 6,30,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers K.K.Nagar 1st Sector 1st Street?

The Sub Registrar Office covering K.K.Nagar 1st Sector 1st 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

The guideline value is a crucial factor during property registration in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are calculated based on this value.

When buying or selling property, both parties must be aware of the guideline value, as it affects the financial aspects of the transaction. It is essential to refer to the latest revisions to ensure compliance with the current rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of K.K.Nagar 1st Sector 1st Street?

The current guideline value of K.K.Nagar 1st Sector 1st Street is Rs 7,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,210 per sq.ft to Rs 7,000 per sq.ft in 2024, reflecting an overall increase of 479% over this period.

What are the other streets in Kodambakkam with the same guideline value?

Several other streets in Kodambakkam have the same guideline value of Rs 7,000 per sq.ft as K.K.Nagar 1st Sector 1st Street, including K.K.Nagar 1st Sector 2nd Street, K.K.Nagar 1st Sector 3rd Street, and others.

What is the role of the Ashok Nagar SRO?

The Ashok Nagar SRO is responsible for maintaining the guideline values for properties in the Kodambakkam area and facilitating the registration of property transactions.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 70,00,000 incurs a stamp duty of Rs 4,90,000 and a registration fee of Rs 1,40,000.