Guideline Value

Corporate

Guideline Value for K.K.Nagar 12th Sector 73rd Street

₹7000/sq.ft.

The guideline value for K.k.nagar 12th Sector 73rd 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 12th Sector 73rd Street

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K.K.Nagar 12th Sector 73rd Street guideline value

The current guideline value of K.K.Nagar 12th Sector 73rd 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 12th Sector 73rd Street has changed

Over the years, the guideline value for K.K.Nagar 12th Sector 73rd Street has seen significant changes. The 2007 revision recorded a guideline value of Rs 1,210 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012. However, this value decreased to Rs 4,355 per sq.ft in 2017. Following this, the 2023 revision raised the value to Rs 6,500 per sq.ft, and the latest 2024 revision has set it at Rs 7,000 per sq.ft. The changes between these revisions include a remarkable increase of 437% from 2007 to 2012, a decrease of 33% from 2012 to 2017, a substantial increase of 49% from 2017 to 2023, and an 8% increase from 2023 to 2024.

It is important to note that the register does not have 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 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. The guideline value for K.K.Nagar 12th Sector 73rd Street is above this median.

Stamp duty and registration fee for property in K.K.Nagar 12th Sector 73rd 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 charges Rs 6,30,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 12th Sector 73rd Street?

The Sub Registrar Office that covers K.K.Nagar 12th Sector 73rd 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 plays a crucial role in the registration process when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure they meet the necessary financial obligations during the registration process.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. It is essential for both parties involved in the transaction to understand how the guideline value affects their financial responsibilities, ensuring a smooth registration process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 12th Sector 73rd Street?

The current guideline value of K.K.Nagar 12th Sector 73rd 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, increasing from Rs 1,210 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for K.K.Nagar 12th Sector 73rd Street?

The land classification for K.K.Nagar 12th Sector 73rd Street is Residential Special Type - III.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 70,00,000, the stamp duty would be Rs 4,90,000 and the registration fee would be Rs 1,40,000, totaling Rs 6,30,000.

Which office handles registrations for K.K.Nagar 12th Sector 73rd Street?

The Ashok Nagar Sub Registrar Office handles registrations for K.K.Nagar 12th Sector 73rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.