Guideline Value

Corporate

Guideline Value for K.K.Nagar 6th Sector 29th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 6th Sector 29th 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 29th Street

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K.K.Nagar 6th Sector 29th Street guideline value

The current guideline value of K.K.Nagar 6th Sector 29th Street is Rs 7,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Special Type - III.

How the guideline value of K.K.Nagar 6th Sector 29th Street has changed

The guideline value for K.K.Nagar 6th Sector 29th Street has undergone several revisions over the years. The earliest recorded revision is from 2007, which set the value at Rs 1,210 per sq.ft. This figure increased significantly to Rs 6,500 per sq.ft in 2012, marking a 437% rise. However, between 2012 and 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. From 2017 to 2023, the value surged to Rs 6,500 per sq.ft, representing a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 7,000 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that 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 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 of K.K.Nagar 6th Sector 29th Street is above this median.

Stamp duty and registration fee for property in K.K.Nagar 6th Sector 29th 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, and the registration fee at 2% would be Rs 1,40,000, bringing the total to Rs 6,30,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers K.K.Nagar 6th Sector 29th Street?

The K.K.Nagar 6th Sector 29th 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. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value may influence the overall cost of property transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.K.Nagar 6th Sector 29th Street?

The current guideline value of K.K.Nagar 6th Sector 29th 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 classification of K.K.Nagar 6th Sector 29th Street?

K.K.Nagar 6th Sector 29th Street is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for K.K.Nagar 6th Sector 29th Street?

The Sub Registrar Office for K.K.Nagar 6th Sector 29th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What factors determine the stamp duty and registration fees?

The stamp duty and registration fees are determined based on the higher of the guideline value or the sale price of the property. The current rates are 7% for stamp duty and 2% for registration fees.