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Guideline Value

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Guideline Value for K.K.Nagar 8th Sector 41st Street

₹7000/sq.ft.

The guideline value for K.k.nagar 8th Sector 41st 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 8th Sector 41st Street

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K.K.Nagar 8th Sector 41st Street guideline value

The current guideline value of K.K.Nagar 8th Sector 41st 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 8th Sector 41st Street has changed

The guideline value for K.K.Nagar 8th Sector 41st Street has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,210 per sq.ft. This increased significantly by 437% to Rs 6,500 per sq.ft in 2012. However, from 2012 to 2017, the value decreased by 33% to Rs 4,355 per sq.ft. The subsequent revision in 2023 saw a substantial increase of 49%, bringing the value to Rs 6,500 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 7,000 per sq.ft, marking an 8% increase from the previous year.

It is important to note that there are no figures available 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. The median guideline value for these streets is Rs 4,900 per sq.ft, making the 2024 figure for K.K.Nagar 8th Sector 41st Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 8th Sector 41st 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 cost for these fees to Rs 6,30,000. It is important to 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 further calculations.

Which Sub Registrar Office covers K.K.Nagar 8th Sector 41st Street?

The K.K.Nagar 8th Sector 41st 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. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kodambakkam, as it determines the minimum value at which a property must be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the true value of the property. Buyers should be aware of the guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 8th Sector 41st Street?

The current guideline value of K.K.Nagar 8th Sector 41st 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, increasing from Rs 1,210 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, marking an overall increase of 479%.

What are the other streets in Kodambakkam with the same guideline value?

Other streets in Kodambakkam with the same guideline value of Rs 7,000 per sq.ft include K.K.Nagar 8th Sector 40th Street, K.K.Nagar 8th Sector 42nd Street, K.K.Nagar 8th Sector 39th Street, K.K.Nagar 8th Sector 43rd Street, K.K.Nagar 8th Sector 44th Street, and K.K.Nagar 7th Sector 38th Street.

Where can I find the Ashok Nagar Sub Registrar Office?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office.

How is the stamp duty calculated for properties in K.K.Nagar 8th Sector 41st Street?

The stamp duty for properties in K.K.Nagar 8th Sector 41st Street is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 4,90,000.