Guideline Value

Corporate

Guideline Value for K.K.Nagar 2nd Sector 12th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 2nd Sector 12th 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 12th Street

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K.K.Nagar 2nd Sector 12th Street guideline value

The current guideline value of K.K.Nagar 2nd Sector 12th 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 12th Street has changed

The guideline value for K.K.Nagar 2nd Sector 12th Street has undergone several revisions over the years. The 2007 revision set the value at Rs 1,210 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in the 2012 revision. However, the value dropped by 33% to Rs 4,355 per sq.ft in the 2017 revision. Following this, the value rose sharply by 49% to Rs 6,500 per sq.ft in 2023, and then further increased by 8% to the current rate of Rs 7,000 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has risen by 479%. The changes reflect the fluctuations in property valuation within this period, with the most significant increase occurring from 2007 to 2012, where the value surged by 437%.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft as per the 2024 revision. The median value for these streets is Rs 4,900 per sq.ft, placing K.K.Nagar 2nd Sector 12th Street's value above this median.

Stamp duty and registration fee for property in K.K.Nagar 2nd Sector 12th 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, making the total cost for these charges 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 2nd Sector 12th Street?

The Sub Registrar Office that covers K.K.Nagar 2nd Sector 12th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 component in the property registration process in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are conducted transparently and fairly.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory charges that must be paid during the registration process. This ensures that both buyers and sellers are aware of the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of K.K.Nagar 2nd Sector 12th Street?

The current guideline value of K.K.Nagar 2nd Sector 12th 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 experienced several revisions, increasing 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 12th Street?

The land classification for K.K.Nagar 2nd Sector 12th Street is Residential Special Type - III.

Where can I find the Sub Registrar Office for K.K.Nagar 2nd Sector 12th Street?

The Sub Registrar Office for K.K.Nagar 2nd Sector 12th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in K.K.Nagar 2nd Sector 12th Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 70,00,000, leading to a stamp duty of Rs 4,90,000.