Guideline Value for K.K.Nagar 9th Sector 53rd Street

K.K.Nagar 9th Sector 53rd Street guideline value

The current guideline value of K.K.Nagar 9th Sector 53rd 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 53rd Street has changed

The guideline value for K.K.Nagar 9th Sector 53rd Street has undergone several revisions over the years. In the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2012 revision, marking a rise of 437%. However, the value then decreased to Rs 4,355 per sq.ft in the 2017 revision, a drop of 33%. The value saw substantial growth thereafter, reaching Rs 6,500 per sq.ft in the 2023 revision, which was a 49% increase. Most recently, the guideline value rose to Rs 7,000 per sq.ft in the 2024 revision, reflecting an 8% increase.

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, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, which means that K.K.Nagar 9th Sector 53rd Street's 2024 figure is above that median.

• K.K.Nagar 9th Sector 52nd Street: Rs 7,000 per sq.ft (2024)
• K.K.Nagar 9th Sector 51st Street: Rs 7,000 per sq.ft (2024)
• K.K.Nagar 9th Sector 50th Street: Rs 7,000 per sq.ft (2024)
• K.K.Nagar Nedunchalai: Rs 6,000 per sq.ft (2024)
• K.K.Nagar 9th Sector 49th Street: Rs 7,000 per sq.ft (2024)
• K.K.Nagar 9th Sector 48th Street: Rs 7,000 per sq.ft (2024)

Stamp duty and registration fee for property in K.K.Nagar 9th Sector 53rd 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. Together, the total cost for stamp duty and registration fee would be 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 also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.K.Nagar 9th Sector 53rd Street?

The K.K.Nagar 9th Sector 53rd 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

When buying or selling property in Kodambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the Registration Department and serves as a reference point for property transactions in the area.

At the time of registration, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.K.Nagar 9th Sector 53rd Street?

The current guideline value of K.K.Nagar 9th Sector 53rd 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 seen significant changes, 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 guideline values of other streets in Kodambakkam?

Other streets in Kodambakkam have varying guideline values, with rates ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft.

What are the stamp duty and registration fees for property in K.K.Nagar 9th Sector 53rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 70,00,000, resulting in a stamp duty of Rs 4,90,000 and a registration fee of Rs 1,40,000, totaling Rs 6,30,000.

Which Sub Registrar Office covers K.K.Nagar 9th Sector 53rd Street?

The Ashok Nagar Sub Registrar Office covers K.K.Nagar 9th Sector 53rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.