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Guideline Value

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Guideline Value for K.K.Nagar 2nd Sector 8th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 2nd Sector 8th 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 2nd Sector 8th Street

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K.K.Nagar 2nd Sector 8th Street guideline value

The current guideline value for K.K.Nagar 2nd Sector 8th Street is Rs 7,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Special Type - III.

How the guideline value of K.K.Nagar 2nd Sector 8th Street has changed

The guideline value for K.K.Nagar 2nd Sector 8th Street has seen several revisions over the years. The 2007 revision recorded a guideline 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, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a decline of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 has set the guideline value at Rs 7,000 per sq.ft, an increase of 8% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, the guideline values vary significantly, with 1,031 streets under the Ashok Nagar SRO carrying a 2024 figure 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, placing K.K.Nagar 2nd Sector 8th Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 2nd Sector 8th 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 fees to 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 also use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers K.K.Nagar 2nd Sector 8th Street?

The K.K.Nagar 2nd Sector 8th Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 in Kodambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as assessed by the government. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value for K.K.Nagar 2nd Sector 8th Street?

The current guideline value for K.K.Nagar 2nd Sector 8th 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 are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 70,00,000. The stamp duty is Rs 4,90,000, and the registration fee is Rs 1,40,000, totaling Rs 6,30,000.

Which Sub Registrar Office handles transactions for this street?

The Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, oversees transactions for K.K.Nagar 2nd Sector 8th Street.

What is the classification of K.K.Nagar 2nd Sector 8th Street?

K.K.Nagar 2nd Sector 8th Street is classified as Residential Special Type - III under the guideline value register.