Guideline Value

Corporate

Guideline Value for K.K.Nagar 4th Sector 15th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 4th Sector 15th 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 N/A
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 4th Sector 15th Street

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K.K.Nagar 4th Sector 15th Street guideline value

The current guideline value of K.K.Nagar 4th Sector 15th 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 4th Sector 15th Street has changed

The guideline value for K.K.Nagar 4th Sector 15th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 7,000 per sq.ft, an increase from Rs 6,500 per sq.ft in the 2023 revision, marking an 8% rise. Prior to that, in 2017, the value was Rs 4,355 per sq.ft, which was a significant increase of 49% from the 2012 revision where the figure was Rs 6,500 per sq.ft. The register has no figure for this street in 2007, 2003, and 2002.

Overall, from 2012 to 2024, the guideline value has increased by 8%. Notably, the value decreased by 33% from 2012 to 2017 before rising again in subsequent revisions.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing K.K.Nagar 4th Sector 15th Street's 2024 figure above this median.

Stamp duty and registration fee for property in K.K.Nagar 4th Sector 15th 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, calculated at 7%, would be Rs 4,90,000, while 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 duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 4th Sector 15th Street?

The K.K.Nagar 4th Sector 15th 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. To find your specific SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. This value is crucial for transparency in transactions and helps in avoiding disputes regarding property prices during registration.

Frequently asked questions

What is the current guideline value of K.K.Nagar 4th Sector 15th Street?

The current guideline value of K.K.Nagar 4th Sector 15th 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 4,355 per sq.ft in 2017 to Rs 6,500 per sq.ft in 2023, and then to Rs 7,000 per sq.ft in 2024. This reflects an overall increase of 8% from 2012 to 2024.

What is the land classification for K.K.Nagar 4th Sector 15th Street?

The land classification for K.K.Nagar 4th Sector 15th 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 stamp duty calculated for properties in K.K.Nagar?

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.