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Guideline Value

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Guideline Value for K.K.Nagar 6th Sector 32nd Street

₹7000/sq.ft.

The guideline value for K.k.nagar 6th Sector 32nd 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 32nd Street

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K.K.Nagar 6th Sector 32nd Street guideline value

The current guideline value of K.K.Nagar 6th Sector 32nd 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 32nd Street has changed

The guideline value for K.K.Nagar 6th Sector 32nd Street has seen several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, it dropped to Rs 4,355 per sq.ft in 2017, before rising again to Rs 6,500 per sq.ft in 2023. 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. Overall, from 2007 to 2024, there has been a substantial increase of 479% in the guideline value.

For the years 2002 and 2003, the register has no figure for K.K.Nagar 6th Sector 32nd Street. The changes between the revisions highlight the fluctuations in the property values over time, with notable increases and decreases reflecting the local market conditions.

Guideline values in Kodambakkam

Kodambakkam village has a range of guideline values, with 1,031 streets under the Ashok Nagar SRO carrying values from Rs 2,200 to Rs 11,000 per sq.ft as of 2024. The median value in this area is Rs 4,900 per sq.ft, placing K.K.Nagar 6th Sector 32nd Street's 2024 figure above this median.

Stamp duty and registration fee for property in K.K.Nagar 6th Sector 32nd 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 cost for these fees 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 use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers K.K.Nagar 6th Sector 32nd Street?

The Sub Registrar Office that covers K.K.Nagar 6th Sector 32nd Street is 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 information.

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 that must be paid during the sale or purchase of property.

When buyers or sellers engage in a transaction, the guideline value ensures that the property is assessed fairly for tax purposes, thereby facilitating a transparent process in real estate dealings.

Frequently asked questions

What is the current guideline value of K.K.Nagar 6th Sector 32nd Street?

The current guideline value of K.K.Nagar 6th Sector 32nd 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, marking an overall increase of 479% over the years.

What is the land classification for K.K.Nagar 6th Sector 32nd Street?

The land classification for K.K.Nagar 6th Sector 32nd Street is Residential Special Type - III, indicating its intended use for residential purposes.

Where can I find the Sub Registrar Office for K.K.Nagar 6th Sector 32nd Street?

The Sub Registrar Office for K.K.Nagar 6th Sector 32nd Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 6,30,000.