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Guideline Value

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Guideline Value for K.K.Nagar 2nd Sector 9th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 2nd Sector 9th 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 9th Street

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K.K.Nagar 2nd Sector 9th Street guideline value

The current guideline value of K.K.Nagar 2nd Sector 9th 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, classified as Residential Special Type - III.

How the guideline value of K.K.Nagar 2nd Sector 9th Street has changed

The guideline value of K.K.Nagar 2nd Sector 9th Street has undergone several revisions over the years. In 2007, the value was 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, there was a decrease of 33%, bringing the value down to Rs 4,355 per sq.ft. The subsequent revision in 2023 saw a substantial increase of 49%, raising the value to Rs 6,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 7,000 per sq.ft, reflecting an increase of 8% from the previous year.

Notably, there are no figures available 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 range of guideline values for its 1,031 streets under the Ashok Nagar SRO, with 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, placing K.K.Nagar 2nd Sector 9th Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 2nd Sector 9th 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 amount to Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000, bringing the total to Rs 6,30,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 2nd Sector 9th Street?

The K.K.Nagar 2nd Sector 9th Street is covered by 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 in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Understanding these values helps in making informed decisions during property dealings in the area.

Frequently asked questions

What is the current guideline value of K.K.Nagar 2nd Sector 9th Street?

The current guideline value of K.K.Nagar 2nd Sector 9th 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 significantly, increasing from Rs 1,210 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, which is an overall increase of 479%.

What is the land classification of K.K.Nagar 2nd Sector 9th Street?

K.K.Nagar 2nd Sector 9th Street is classified as Residential Special Type - III.

What are the stamp duty and registration fees for property 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 2nd Sector 9th Street?

The Ashok Nagar Sub Registrar Office handles property registrations for K.K.Nagar 2nd Sector 9th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.