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Guideline Value

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Guideline Value for K.K.Nagar 1st Sector 3rd Street

₹7000/sq.ft.

The guideline value for K.k.nagar 1st Sector 3rd 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 3rd Street

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K.K.Nagar 1st Sector 3rd Street guideline value

The current guideline value of K.K.Nagar 1st Sector 3rd 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 3rd Street has changed

The guideline value for K.K.Nagar 1st Sector 3rd Street has seen several revisions over the years. The earliest recorded revision in 2007 set the value at Rs 1,210 per sq.ft. This value increased significantly to Rs 6,500 per sq.ft in 2012, marking a 437% rise. However, the value then decreased to Rs 4,355 per sq.ft in 2017, reflecting a drop of 33%. The value further increased to Rs 6,500 per sq.ft in 2023, and finally reached Rs 7,000 per sq.ft in 2024, which is an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall increase from the 2007 revision to the current 2024 value is 479%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam village, 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. K.K.Nagar 1st Sector 3rd Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in K.K.Nagar 1st Sector 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,000 per sq.ft, the total guideline value would be 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 cost for these fees Rs 6,30,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 1st Sector 3rd Street?

The K.K.Nagar 1st Sector 3rd Street falls under 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 details.

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 stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value to understand the financial implications of the transaction. This ensures that all parties involved are informed about the costs associated with the registration process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 1st Sector 3rd Street?

The current guideline value of K.K.Nagar 1st Sector 3rd 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, marking an overall increase of 479% over the years.

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

For a property valued at Rs 70,00,000, the stamp duty would be Rs 4,90,000 and the registration fee would be Rs 1,40,000, totaling Rs 6,30,000.

Which office handles property registrations in K.K.Nagar?

The Ashok Nagar Sub Registrar Office handles property registrations for K.K.Nagar 1st Sector 3rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for K.K.Nagar 1st Sector 3rd Street?

The land classification for K.K.Nagar 1st Sector 3rd Street is Residential Special Type - III.