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Guideline Value

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Guideline Value for K.K.Nagar 9th Sector 52nd Street

₹7000/sq.ft.

The guideline value for K.k.nagar 9th Sector 52nd 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 52nd Street

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K.K.Nagar 9th Sector 52nd Street guideline value

The current guideline value of K.K.Nagar 9th Sector 52nd 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, with a land classification of Residential Special Type - III.

How the guideline value of K.K.Nagar 9th Sector 52nd Street has changed

The guideline value for K.K.Nagar 9th Sector 52nd Street has seen significant changes over the years. In 2007, the guideline value was Rs 1,210 per sq.ft. This increased to Rs 6,500 per sq.ft in 2012, marking a substantial rise of 437%. However, from 2012 to 2017, there was a decrease to Rs 4,355 per sq.ft, a drop of 33%. The value then increased again to Rs 6,500 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 7,000 per sq.ft, which is an 8% increase from the previous year.

It is important to note that 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, with a median value of Rs 4,900 per sq.ft. The guideline value of K.K.Nagar 9th Sector 52nd Street is above this median.

Stamp duty and registration fee for property in K.K.Nagar 9th Sector 52nd 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 charges to Rs 6,30,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers K.K.Nagar 9th Sector 52nd Street?

The K.K.Nagar 9th Sector 52nd 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). 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 critical factor when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that these charges are based on the guideline value or the sale price, whichever is higher.

When selling property, the guideline value helps establish a baseline for pricing, ensuring that both parties are aware of the minimum value recognized by the registration authorities. This can aid in negotiations and provide clarity during the sale process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 9th Sector 52nd Street?

The current guideline value of K.K.Nagar 9th Sector 52nd 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 is the land classification for K.K.Nagar 9th Sector 52nd Street?

K.K.Nagar 9th Sector 52nd Street is classified as Residential Special Type - III.

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?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.