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Guideline Value

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Guideline Value for K.K.Nagar 2nd Sector 10th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 2nd Sector 10th 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 10th Street

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K.K.Nagar 2nd Sector 10th Street guideline value

The current guideline value for K.K.Nagar 2nd Sector 10th 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 2nd Sector 10th Street has changed

The guideline value for K.K.Nagar 2nd Sector 10th Street has seen 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 by 2012, marking a 437% rise. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, and currently stands at Rs 7,000 per sq.ft following the 2024 revision, reflecting an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 479%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline 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 10th Street's 2024 figure above that median.

Stamp duty and registration fee for property in K.K.Nagar 2nd Sector 10th 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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers K.K.Nagar 2nd Sector 10th Street?

The K.K.Nagar 2nd Sector 10th 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 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. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the stamp duty and registration fees involved in the transaction.

During the registration process, the guideline value is assessed to ensure that the property is sold at a fair price according to government regulations. This ensures transparency and helps in maintaining an accurate record of property values in the area.

Frequently asked questions

What is the current guideline value of K.K.Nagar 2nd Sector 10th Street?

The current guideline value of K.K.Nagar 2nd Sector 10th 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 2nd Sector 10th Street?

The land classification for K.K.Nagar 2nd Sector 10th Street is Residential Special Type - III.

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in K.K.Nagar 2nd Sector 10th Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 70,00,000, the stamp duty would be Rs 4,90,000.