Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 65th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 10th Sector 65th 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 65th Street

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K.K.Nagar 10th Sector 65th Street guideline value

The current guideline value for K.K.Nagar 10th Sector 65th 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 65th Street has changed

Since the 2007 revision, the guideline value has seen significant changes. The 2007 revision recorded a value of Rs 1,210 per sq.ft, which then increased 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 decline of 33%. The most recent revision in 2024 shows a substantial increase to Rs 7,000 per sq.ft, which is a rise of 61% from the 2017 figure.

The register has no figures 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

Kodambakkam village has a total of 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 value for these streets is Rs 4,900 per sq.ft, placing K.K.Nagar 10th Sector 65th Street's 2024 figure above that median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 65th 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, 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.

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

Which Sub Registrar Office covers K.K.Nagar 10th Sector 65th Street?

The K.K.Nagar 10th Sector 65th Street is covered by 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 property transactions in Kodambakkam, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value ensures that the government receives appropriate revenue through stamp duty. This value acts as a benchmark, ensuring that properties are not undervalued during registration, thus safeguarding the interests of both the buyer and the seller.

Frequently asked questions

What is the current guideline value of K.K.Nagar 10th Sector 65th Street?

The current guideline value of K.K.Nagar 10th Sector 65th Street is Rs 7,000 per sq.ft, effective from 1 July 2024.

How much 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, an overall increase of 479%.

What is the land classification for K.K.Nagar 10th Sector 65th Street?

K.K.Nagar 10th Sector 65th Street is classified as Residential Special Type - III.

What are the stamp duty and registration fees for this street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 6,30,000.

Which office handles registrations for K.K.Nagar 10th Sector 65th Street?

The Ashok Nagar Sub Registrar Office handles registrations for K.K.Nagar 10th Sector 65th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.