Guideline Value

Corporate

Guideline Value for K.K.Nagar 2nd Sector 13th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 2nd Sector 13th 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 13th Street

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K.K.Nagar 2nd Sector 13th Street guideline value

The current guideline value of K.K.Nagar 2nd Sector 13th 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 13th Street has changed

Over the years, the guideline value for K.K.Nagar 2nd Sector 13th Street has seen several revisions. The earliest recorded value was Rs 1,210 per sq.ft in 2007, which increased significantly to Rs 6,500 per sq.ft in 2012. However, it then decreased to Rs 4,355 per sq.ft in 2017. Following this, the value rose to Rs 6,500 per sq.ft in 2023, and finally reached Rs 7,000 per sq.ft in the 2024 revision, marking an increase of 8% from the previous year.

In summary, the guideline value has changed 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%. Notably, there are no figures available 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, 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 13th Street's 2024 figure above this median.

Stamp duty and registration fee for property in K.K.Nagar 2nd Sector 13th 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 be Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000, bringing the total fees together 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 use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.K.Nagar 2nd Sector 13th Street?

The K.K.Nagar 2nd Sector 13th Street is covered by 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 further assistance.

How the guideline value is used when you buy or sell in Kodambakkam

When buying or selling property in Kodambakkam, the guideline value is an essential factor as it determines the minimum value at which a property can be registered. It is used to calculate stamp duty and registration fees, which are mandatory during the registration process.

It is crucial for buyers and sellers to be aware of the guideline value as it influences the overall cost of property transactions. Proper understanding of these values helps in ensuring compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 2nd Sector 13th Street?

The current guideline value of K.K.Nagar 2nd Sector 13th 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, with various increases and decreases in between, including a notable rise of 8% from 2023 to 2024.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft. K.K.Nagar 2nd Sector 13th Street's 2024 figure is above this median.

What are the stamp duty and registration fees for property in K.K.Nagar 2nd Sector 13th Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 6,30,000.

Which office handles the registration for K.K.Nagar 2nd Sector 13th Street?

The Ashok Nagar Sub Registrar Office handles the registration for K.K.Nagar 2nd Sector 13th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.