Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 60th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 10th Sector 60th 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 N/A
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 60th Street

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K.K.Nagar 10th Sector 60th Street guideline value

The current guideline value of K.K.Nagar 10th Sector 60th 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 60th Street has changed

In the 2007 revision, the guideline value was Rs 1,210 per sq.ft. This increased significantly to Rs 4,355 per sq.ft in the 2017 revision, marking a change of +260%. Following this, the current guideline value in the 2024 revision is Rs 7,000 per sq.ft, which represents an increase of +61% from the 2017 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +479%. It is important to note that the register has no figures for the years 2002, 2003, 2012, and 2023 for this street.

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, placing K.K.Nagar 10th Sector 60th Street's value above this median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 60th 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 be Rs 4,90,000, and the registration fee at 2% would be Rs 1,40,000, bringing the total charges 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.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.K.Nagar 10th Sector 60th Street?

The K.K.Nagar 10th Sector 60th Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must refer to the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction, ensuring that the property is not undervalued for taxation purposes. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of K.K.Nagar 10th Sector 60th Street?

The current guideline value of K.K.Nagar 10th Sector 60th Street is Rs 7,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value has increased from Rs 1,210 per sq.ft to Rs 7,000 per sq.ft in 2024, representing a total increase of +479%.

What is the land classification for K.K.Nagar 10th Sector 60th Street?

K.K.Nagar 10th Sector 60th Street is classified as Residential Special Type - III.

Where can I find the registration office for K.K.Nagar 10th Sector 60th Street?

The registration office covering K.K.Nagar 10th Sector 60th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the 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, at the current guideline value, the stamp duty would be calculated on Rs 70,00,000 for a 1,000 sq.ft plot.