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Guideline Value

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Guideline Value for K.K.Nagar 5th Sector 23rd Street

₹7000/sq.ft.

The guideline value for K.k.nagar 5th Sector 23rd 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 5th Sector 23rd Street

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K.K.Nagar 5th Sector 23rd Street guideline value

The current guideline value for K.K.Nagar 5th Sector 23rd 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 5th Sector 23rd Street has changed

Over the years, the guideline value for K.K.Nagar 5th Sector 23rd Street has seen significant changes. In the 2007 revision, the guideline value was Rs 1,210 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012, marking a substantial rise of 437%. However, between 2012 and 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. Following this, the value rose sharply to Rs 6,500 per sq.ft in 2023, and then further increased by 8% to the current value of Rs 7,000 per sq.ft in 2024.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 479%. It is important to note that the revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with the 2024 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 5th Sector 23rd Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 5th Sector 23rd 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 is calculated at 7%, resulting in Rs 4,90,000, while the registration fee at 2% comes to Rs 1,40,000. Together, the total cost for stamp duty and registration fee would be 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 5th Sector 23rd Street?

The Sub Registrar Office that covers K.K.Nagar 5th Sector 23rd Street is 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 SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It determines the minimum price at which a property can be registered, ensuring that the transaction is in line with the prevailing market conditions.

When buying or selling a property, it is essential to consider the guideline value as it affects the stamp duty and registration fees. The registration process requires the payment of these fees based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for K.K.Nagar 5th Sector 23rd Street?

The current guideline value for K.K.Nagar 5th Sector 23rd 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 increased 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 5th Sector 23rd Street?

The land classification for K.K.Nagar 5th Sector 23rd Street is Residential Special Type - III.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in K.K.Nagar 5th Sector 23rd Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for K.K.Nagar 5th Sector 23rd Street?

The Sub Registrar Office for K.K.Nagar 5th Sector 23rd Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.