Guideline Value

Corporate

Guideline Value for K.K.Nagar 4th Sector 19th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 4th Sector 19th 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 4th Sector 19th Street

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K.K.Nagar 4th Sector 19th Street guideline value

The current guideline value of K.K.Nagar 4th Sector 19th 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 19th Street has changed

The guideline value for K.K.Nagar 4th Sector 19th Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2012 revision, marking a rise of 437%. However, in the 2017 revision, it decreased to Rs 4,355 per sq.ft, reflecting a drop of 33%. The value then rose dramatically to Rs 6,500 per sq.ft in the 2023 revision, a 49% increase. The current value of Rs 7,000 per sq.ft in the 2024 revision shows an increase of 8% from the previous year.

It is important to note that the register has no figures 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 that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value for K.K.Nagar 4th Sector 19th Street is above this median.

Stamp duty and registration fee for property in K.K.Nagar 4th Sector 19th 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 the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 4th Sector 19th Street?

The K.K.Nagar 4th Sector 19th Street falls under 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 critical factor 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 the state receives the appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the legal and financial implications of the transaction. It is essential for buyers to be aware of the guideline value to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of K.K.Nagar 4th Sector 19th Street?

The current guideline value of K.K.Nagar 4th Sector 19th 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 registration office for K.K.Nagar 4th Sector 19th Street?

The registration office for K.K.Nagar 4th Sector 19th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in K.K.Nagar 4th Sector 19th Street?

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

What is the land classification for K.K.Nagar 4th Sector 19th Street?

The land classification for K.K.Nagar 4th Sector 19th Street is Residential Special Type - III, which indicates its designated use for residential purposes.