Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 58th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 10th Sector 58th 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 58th Street

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K.K.Nagar 10th Sector 58th Street guideline value

The current guideline value of K.K.Nagar 10th Sector 58th 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, and is classified as Residential Special Type - III.

How the guideline value of K.K.Nagar 10th Sector 58th Street has changed

The guideline value has undergone several revisions over the years. In 2007, the value was set at Rs 1,210 per sq.ft, which significantly increased to Rs 6,500 per sq.ft in 2012, marking a rise of 437%. However, the value fell to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The most recent revision in 2024 has seen the guideline value rise to Rs 7,000 per sq.ft, representing an increase of 61% from the 2017 figure. 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%. This reflects the changes in the real estate landscape in the area over the years.

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 guideline value for these streets is Rs 4,900 per sq.ft, making the K.K.Nagar 10th Sector 58th Street's 2024 figure of Rs 7,000 per sq.ft above that median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 58th 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, bringing the total cost to 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 10th Sector 58th Street?

The K.K.Nagar 10th Sector 58th Street falls under 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 government and reflects the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of transactions. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of K.K.Nagar 10th Sector 58th Street?

The current guideline value of K.K.Nagar 10th Sector 58th 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 10th Sector 58th Street?

K.K.Nagar 10th Sector 58th 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. For example, for a property valued at Rs 70,00,000, the stamp duty would be Rs 4,90,000.