Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 57th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 10th Sector 57th Street in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 7000 per sq.ft, effective 1 July 2024. 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 N/A
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 57th Street

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K.K.Nagar 10th Sector 57th Street guideline value

The current guideline value for K.K.Nagar 10th Sector 57th 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 57th Street has changed

The guideline value for K.K.Nagar 10th Sector 57th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,210 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012, marking a change of +437%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a decline of -33%. The most recent revision in 2024 set the guideline value at Rs 7,000 per sq.ft, representing an increase of +61% from 2017.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 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 the 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing K.K.Nagar 10th Sector 57th Street's value above this median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 57th 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, making the total cost Rs 6,30,000. It is important to note that the 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 10th Sector 57th Street?

K.K.Nagar 10th Sector 57th Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in determining the stamp duty and registration fees when buying or selling property in Kodambakkam. It serves as a benchmark for the value of the property and is used to calculate the applicable duties and fees during the registration process.

When a property is sold, the buyer must pay the 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 10th Sector 57th Street?

The current guideline value of K.K.Nagar 10th Sector 57th 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 are the other streets with the same guideline value in Kodambakkam?

Several other streets in Kodambakkam have the same guideline value of Rs 7,000 per sq.ft for 2024, including K.K.Nagar 10th Sector 56th, 58th, 59th, 54th, 60th, and 61st Streets.

Where can I find the Sub Registrar Office for K.K.Nagar 10th Sector 57th Street?

The Sub Registrar Office for K.K.Nagar 10th Sector 57th Street is the Ashok Nagar SRO, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is 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 example, if the guideline value is Rs 70,00,000, the stamp duty would be calculated at 7% of this amount.