Guideline Value

Corporate

Guideline Value for K.K.Nagar 11th Sector 71st Street

₹7000/sq.ft.

The guideline value for K.k.nagar 11th Sector 71st 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 ₹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 11th Sector 71st Street

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K.K.Nagar 11th Sector 71st Street guideline value

The current guideline value of K.K.Nagar 11th Sector 71st 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 11th Sector 71st Street has changed

The guideline value for K.K.Nagar 11th Sector 71st Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in the 2012 revision, marking a rise of 437%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a reduction of 33%. The value then rose sharply to Rs 6,500 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent revision in 2024 has set the guideline value at Rs 7,000 per sq.ft, an increase of 8% from the previous year.

It is important to note that the register does not contain figures for the years 2002 and 2003 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, with the 2024 guideline values 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, which means that K.K.Nagar 11th Sector 71st Street's current value is above this median.

Stamp duty and registration fee for property in K.K.Nagar 11th Sector 71st 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 fees Rs 6,30,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 11th Sector 71st Street?

The Sub Registrar Office that covers K.K.Nagar 11th Sector 71st 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 when it comes to property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the registration of property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which aids in maintaining transparency in the real estate market. It is important for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of K.K.Nagar 11th Sector 71st Street?

The current guideline value of K.K.Nagar 11th Sector 71st 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 from Rs 1,210 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, reflecting an overall increase of 479%.

What is the land classification for K.K.Nagar 11th Sector 71st Street?

The land classification for K.K.Nagar 11th Sector 71st Street is Residential Special Type - III.

Where can I find the Sub Registrar Office for K.K.Nagar 11th Sector 71st Street?

The Sub Registrar Office covering K.K.Nagar 11th Sector 71st Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property in K.K.Nagar 11th Sector 71st Street?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft, the total guideline value is Rs 70,00,000, resulting in a stamp duty of Rs 4,90,000.