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Guideline Value

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Guideline Value for K.K.Nagar 1st Sector 2nd Street

₹7000/sq.ft.

The guideline value for K.k.nagar 1st Sector 2nd 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 2nd Street

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K.K.Nagar 1st Sector 2nd Street guideline value

The current guideline value of K.K.Nagar 1st Sector 2nd 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 2nd Street has changed

The guideline value of K.K.Nagar 1st Sector 2nd Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, there was a decrease to Rs 4,355 per sq.ft in 2017. The value then rose to Rs 6,500 per sq.ft in 2023, and the most recent revision in 2024 has set the value at Rs 7,000 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it saw an increase of 8%. The overall change from 2007 to 2024 reflects a substantial increase of 479% in the guideline value per sq.ft.

Guideline values in Kodambakkam

Kodambakkam village has a total of 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. The median value for these streets is Rs 4,900 per sq.ft, making the 2024 guideline value of K.K.Nagar 1st Sector 2nd Street above that median.

Stamp duty and registration fee for property in K.K.Nagar 1st Sector 2nd 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, bringing the total cost to Rs 6,30,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.K.Nagar 1st Sector 2nd Street?

The K.K.Nagar 1st Sector 2nd Street is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling a property, the guideline value influences the stamp duty and registration fees payable. Buyers should be aware that these costs are calculated based on the higher of the guideline value or the sale price, which can significantly affect the total expenditure involved in the transaction.

Frequently asked questions

What is the current guideline value of K.K.Nagar 1st Sector 2nd Street?

The current guideline value of K.K.Nagar 1st Sector 2nd Street is Rs 7,000 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 7,000 per sq.ft in 2024, reflecting an overall increase of 479% over the years.

What is the land classification for K.K.Nagar 1st Sector 2nd Street?

The land classification for K.K.Nagar 1st Sector 2nd Street is Residential Special Type - III.

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 are stamp duty and registration fees calculated?

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