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Guideline Value

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Guideline Value for K.K.Nagar 1st Sector 4th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 1st Sector 4th 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 4th Street

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K.K.Nagar 1st Sector 4th Street guideline value

The current guideline value of K.K.Nagar 1st Sector 4th 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 with a land classification of Residential Special Type - III.

How the guideline value of K.K.Nagar 1st Sector 4th Street has changed

The guideline value for K.K.Nagar 1st Sector 4th Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,210 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, this value decreased to Rs 4,355 per sq.ft in 2017. The value then rose to Rs 6,500 per sq.ft in 2023, before reaching the current rate of Rs 7,000 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 is 8%. Notably, the overall increase from 2007 to 2024 is 479%. The register has no figures for the years 2002 and 2003 for this street.

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. The median guideline value for these streets is Rs 4,900 per sq.ft, making the 2024 figure for K.K.Nagar 1st Sector 4th Street above that median.

Stamp duty and registration fee for property in K.K.Nagar 1st Sector 4th 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, totaling 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.

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

Which Sub Registrar Office covers K.K.Nagar 1st Sector 4th Street?

The Sub Registrar Office that covers K.K.Nagar 1st Sector 4th 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 plays a crucial role in the registration process of property transactions in Kodambakkam. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 1st Sector 4th Street?

The current guideline value of K.K.Nagar 1st Sector 4th 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 in K.K.Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Kodambakkam?

The median guideline value for streets in Kodambakkam is Rs 4,900 per sq.ft, with K.K.Nagar 1st Sector 4th Street's value being above this median.