Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 59th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 10th Sector 59th 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 59th Street

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K.K.Nagar 10th Sector 59th Street guideline value

The current guideline value of K.K.Nagar 10th Sector 59th 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 10th Sector 59th Street has changed

The guideline value for K.K.Nagar 10th Sector 59th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,210 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 437%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 7,000 per sq.ft, reflecting an increase of 61% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has increased by 479%.

It is important to note that there are no registered figures for K.K.Nagar 10th Sector 59th Street for the years 2023, 2003, and 2002.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, and K.K.Nagar 10th Sector 59th Street's 2024 figure is above this median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 59th 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 fees to Rs 6,30,000. It is essential 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 10th Sector 59th Street?

The Sub Registrar Office that covers K.K.Nagar 10th Sector 59th Street is 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

The guideline value is a crucial factor in the property registration process in Kodambakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The guideline value is set by the government and is revised periodically to reflect changes in the real estate market.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects the appropriate taxes based on the property's value at the time of sale.

Frequently asked questions

What is the current guideline value of K.K.Nagar 10th Sector 59th Street?

The current guideline value of K.K.Nagar 10th Sector 59th 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, marking an overall increase of 479% over this period.

What is the land classification for K.K.Nagar 10th Sector 59th Street?

The land classification for K.K.Nagar 10th Sector 59th Street is Residential Special Type - III.

Where can I find the Sub Registrar Office for K.K.Nagar 10th Sector 59th Street?

The Sub Registrar Office for K.K.Nagar 10th Sector 59th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in K.K.Nagar 10th Sector 59th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 6,30,000.