Guideline Value

Corporate

Guideline Value for K.K.Nagar 7th Sector 33rd Street

₹7000/sq.ft.

The guideline value for K.k.nagar 7th Sector 33rd 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 7th Sector 33rd Street

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K.K.Nagar 7th Sector 33rd Street guideline value

The current guideline value of K.K.Nagar 7th Sector 33rd 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 7th Sector 33rd Street has changed

The guideline value for K.K.Nagar 7th Sector 33rd Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,210 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, reflecting a growth 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 again to Rs 6,500 per sq.ft in 2023, marking a 49% increase. As of the 2024 revision, the guideline value stands at Rs 7,000 per sq.ft, which is an 8% increase from the previous year.

There are no figures available for the revisions in 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. The median guideline value for these streets is Rs 4,900 per sq.ft, placing K.K.Nagar 7th Sector 33rd Street's 2024 figure above that median.

Stamp duty and registration fee for property in K.K.Nagar 7th Sector 33rd 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, bringing the total fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 7th Sector 33rd Street?

The K.K.Nagar 7th Sector 33rd Street is covered by 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue based on the property's value.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is taken into account for calculating the stamp duty. This ensures that all transactions are fairly assessed according to the established values in the region.

Frequently asked questions

What is the current guideline value of K.K.Nagar 7th Sector 33rd Street?

The current guideline value of K.K.Nagar 7th Sector 33rd 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% over the years.

What are the stamp duty rates for properties in K.K.Nagar 7th Sector 33rd Street?

The stamp duty for properties in K.K.Nagar 7th Sector 33rd Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for K.K.Nagar 7th Sector 33rd Street located?

The Ashok Nagar Sub Registrar Office, which covers K.K.Nagar 7th Sector 33rd Street, is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for K.K.Nagar 7th Sector 33rd Street?

The land classification for K.K.Nagar 7th Sector 33rd Street is Residential Special Type - III.