Guideline Value

Corporate

Guideline Value for K.K.Nagar 6th Sector 27th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 6th Sector 27th 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 6th Sector 27th Street

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K.K.Nagar 6th Sector 27th Street guideline value

The current guideline value of K.K.Nagar 6th Sector 27th 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 6th Sector 27th Street has changed

The guideline value for K.K.Nagar 6th Sector 27th Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,210 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012, marking an increase of 437%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a decline of 33%. The value then rose sharply to Rs 6,500 per sq.ft in 2023, reflecting a 49% increase, before reaching the current value of Rs 7,000 per sq.ft in 2024, an 8% rise.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 479%.

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 6th Sector 27th Street's 2024 figure above the median.

Stamp duty and registration fee for property in K.K.Nagar 6th Sector 27th 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 fees Rs 6,30,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers K.K.Nagar 6th Sector 27th Street?

The K.K.Nagar 6th Sector 27th Street is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official valuation of the property.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees, which are mandatory for completing the transaction. This ensures transparency and standardization in property dealings within the region.

Frequently asked questions

What is the current guideline value for K.K.Nagar 6th Sector 27th Street?

The current guideline value for K.K.Nagar 6th Sector 27th 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 significantly, from Rs 1,210 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, reflecting an overall increase of 479%.

What is the land classification for K.K.Nagar 6th Sector 27th Street?

The land classification for K.K.Nagar 6th Sector 27th Street is Residential Special Type - III.

Where can I find the Sub Registrar Office for K.K.Nagar 6th Sector 27th Street?

The Ashok Nagar Sub Registrar Office, which covers K.K.Nagar 6th Sector 27th Street, is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in K.K.Nagar?

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