Guideline Value

Corporate

Guideline Value for K.K.Nagar 11th Sector 68th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 11th Sector 68th Street in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 7000 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 8% change. 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 ₹6500 /sq.ft.
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 11th Sector 68th Street

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K.K.Nagar 11th Sector 68th Street guideline value

The current guideline value of K.K.Nagar 11th Sector 68th Street is Rs 7,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar Sub Registrar Office, classified as Residential Special Type - III.

How the guideline value of K.K.Nagar 11th Sector 68th Street has changed

The guideline value for K.K.Nagar 11th Sector 68th Street has seen significant changes over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased to Rs 4,355 per sq.ft in 2017, marking a substantial rise of 260%. By 2023, the value further increased to Rs 6,500 per sq.ft, reflecting a 49% growth from the previous revision. The latest revision in 2024 set the guideline value at Rs 7,000 per sq.ft, representing an 8% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2012 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 that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. K.K.Nagar 11th Sector 68th Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in K.K.Nagar 11th Sector 68th Street

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 6,30,000. The duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 11th Sector 68th Street?

The K.K.Nagar 11th Sector 68th 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

When buying or selling property in Kodambakkam, the guideline value is a critical factor in determining the stamp duty and registration fees. This value is set by the Registration Department and is used to assess the taxes applicable during the registration process.

It is essential to note that the guideline value may differ from the actual sale price. The duty is charged on the higher of the guideline value or the sale price, ensuring that the registration fees reflect the true value of the transaction.

Frequently asked questions

What is the current guideline value of K.K.Nagar 11th Sector 68th Street?

The current guideline value of K.K.Nagar 11th Sector 68th 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 increased from Rs 1,210 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, showing an overall increase of 479% over the years.

What is the land classification for K.K.Nagar 11th Sector 68th Street?

K.K.Nagar 11th Sector 68th Street is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for K.K.Nagar 11th Sector 68th Street?

The Ashok Nagar Sub Registrar Office covers K.K.Nagar 11th Sector 68th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property transactions in K.K.Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 7,000 per sq.ft would incur a total stamp duty and registration fee of Rs 6,30,000.