Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 54th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 10th Sector 54th 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 10th Sector 54th Street

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K.K.Nagar 10th Sector 54th Street guideline value

The current guideline value of K.K.Nagar 10th Sector 54th 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, classified as Residential Special Type - III.

How the guideline value of K.K.Nagar 10th Sector 54th Street has changed

The guideline value for K.K.Nagar 10th Sector 54th Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,210 per sq.ft, which increased dramatically to Rs 6,500 per sq.ft in the 2012 revision. However, it then decreased to Rs 4,355 per sq.ft in the 2017 revision. Following this, the value rose to Rs 6,500 per sq.ft in 2023 and reached Rs 7,000 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 479%. The register has no figures for the years 2002 and 2003 for this street.

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, placing K.K.Nagar 10th Sector 54th Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 54th Street

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 6,30,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 10th Sector 54th Street?

The K.K.Nagar 10th Sector 54th 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. 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 an essential factor when registering property transactions in Kodambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both buyers and sellers are aware of the official value of the property being transacted.

When buying or selling property, it is crucial to understand that the guideline value can influence the overall costs involved in the transaction. Buyers should ensure they are informed about the current guideline value to avoid any unexpected fees during the registration process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 10th Sector 54th Street?

The current guideline value of K.K.Nagar 10th Sector 54th 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, marking a total increase of 479% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 70,00,000, the stamp duty would be Rs 4,90,000 and the registration fee would be Rs 1,40,000, totaling Rs 6,30,000.

Which Sub Registrar Office covers K.K.Nagar 10th Sector 54th Street?

The Ashok Nagar Sub Registrar Office covers K.K.Nagar 10th Sector 54th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, with K.K.Nagar 10th Sector 54th Street's guideline value being above this median.