Guideline Value

Corporate

Guideline Value for K.K.Nagar 12th Sector 77th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 12th Sector 77th 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 77th Street

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K.K.Nagar 12th Sector 77th Street guideline value

The current guideline value of K.K.Nagar 12th Sector 77th 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 77th Street has changed

The guideline value for K.K.Nagar 12th Sector 77th Street has seen several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, it dropped to Rs 4,355 per sq.ft in 2017. The value then rose to Rs 6,500 per sq.ft in 2023 before reaching the current rate of Rs 7,000 per sq.ft in 2024.

Between these revisions, the changes were notable: from 2007 to 2012, there was an increase of 437%; however, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, followed by an 8% increase from 2023 to 2024. There are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO with 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, positioning K.K.Nagar 12th Sector 77th Street above this median value.

Stamp duty and registration fee for property in K.K.Nagar 12th Sector 77th 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, bringing the total cost for these fees to 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.

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

Which Sub Registrar Office covers K.K.Nagar 12th Sector 77th Street?

The Sub Registrar Office that covers K.K.Nagar 12th Sector 77th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 reference point during property transactions in Kodambakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately within the legal framework.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees, which are mandatory costs incurred during the registration process. These fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of K.K.Nagar 12th Sector 77th Street?

The current guideline value of K.K.Nagar 12th Sector 77th 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, with various revisions in between, including a drop and subsequent increases.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 6,30,000.

Which office handles registrations for K.K.Nagar 12th Sector 77th Street?

The Ashok Nagar Sub Registrar Office handles registrations for K.K.Nagar 12th Sector 77th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for K.K.Nagar 12th Sector 77th Street?

The land classification for K.K.Nagar 12th Sector 77th Street is Residential Special Type - III, indicating its designated use for residential purposes.