Guideline Value

Corporate

Guideline Value for K.K.Nagar 9th Sector 48th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 9th Sector 48th 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 9th Sector 48th Street

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K.K.Nagar 9th Sector 48th Street guideline value

The current guideline value of K.K.Nagar 9th Sector 48th 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 9th Sector 48th Street has changed

The guideline value for K.K.Nagar 9th Sector 48th Street has undergone several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This figure saw a significant increase to Rs 6,500 per sq.ft in the 2012 revision, marking a rise of 437%. However, in the 2017 revision, the value dropped to Rs 4,355 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 6,500 per sq.ft, reflecting a 49% increase from the previous revision. As of the latest 2024 revision, the guideline value stands at Rs 7,000 per sq.ft, which is an 8% increase from the 2023 figure.

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 value is Rs 4,900 per sq.ft, and K.K.Nagar 9th Sector 48th Street's 2024 figure of Rs 7,000 per sq.ft is above this median.

Stamp duty and registration fee for property in K.K.Nagar 9th Sector 48th Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 9th Sector 48th Street?

The Sub Registrar Office that covers K.K.Nagar 9th Sector 48th 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 critical factor in the registration process when buying or selling property in Kodambakkam. It determines the stamp duty and registration fees payable during the transaction, ensuring that the government receives the appropriate revenue from property dealings.

Frequently asked questions

What is the current guideline value of K.K.Nagar 9th Sector 48th Street?

The current guideline value of K.K.Nagar 9th Sector 48th 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%.

What is the registration office for K.K.Nagar 9th Sector 48th Street?

The registration office for K.K.Nagar 9th Sector 48th Street is the Ashok Nagar Sub Registrar Office, 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 higher of the guideline value or the sale price of the property. For K.K.Nagar 9th Sector 48th Street, the guideline value is currently Rs 7,000 per sq.ft.

What are the guideline values for other streets in Kodambakkam?

Other streets in Kodambakkam under the Ashok Nagar SRO have a guideline value of Rs 7,000 per sq.ft as well, including K.K.Nagar 9th Sector 47th, 49th, 46th, 50th, and 51st Streets.