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Guideline Value

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Guideline Value for K.K.Nagar 9th Sector 50th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 9th Sector 50th 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 50th Street

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K.K.Nagar 9th Sector 50th Street guideline value

The current guideline value of K.K.Nagar 9th Sector 50th 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 9th Sector 50th Street has changed

The guideline value for K.K.Nagar 9th Sector 50th Street has undergone several revisions over the years. In 2007, the value was set at Rs 1,210 per sq.ft. This figure increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 437%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, which was a drop of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 saw the guideline value increase to Rs 7,000 per sq.ft, an 8% rise 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. The median value among these streets is Rs 4,900 per sq.ft, indicating that K.K.Nagar 9th Sector 50th Street's 2024 figure is above this median.

Stamp duty and registration fee for property in K.K.Nagar 9th Sector 50th 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 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 more details.

Which Sub Registrar Office covers K.K.Nagar 9th Sector 50th Street?

K.K.Nagar 9th Sector 50th 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 further assistance.

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

The guideline value is a crucial factor when registering property in Kodambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buyers and sellers engage in property transactions, the guideline value helps determine the official value of the property for registration purposes. This value is essential for both legal and financial documentation during the sale process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 9th Sector 50th Street?

The current guideline value of K.K.Nagar 9th Sector 50th 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 are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 70,00,000, the total fees would be Rs 6,30,000.

Which Sub Registrar Office covers this street?

The Ashok Nagar Sub Registrar Office covers K.K.Nagar 9th Sector 50th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for K.K.Nagar 9th Sector 50th Street?

The land classification for K.K.Nagar 9th Sector 50th Street is Residential Special Type - III.