Guideline Value

Corporate

Guideline Value for K.K.Nagar 13th Sector 87th Street

₹5500/sq.ft.

The guideline value for K.k.nagar 13th Sector 87th Street in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹5000 /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 13th Sector 87th Street

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K.K.Nagar 13th Sector 87th Street guideline value

The current guideline value of K.K.Nagar 13th Sector 87th Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO and is classified as Residential Class III Type - I.

How the guideline value of K.K.Nagar 13th Sector 87th Street has changed

The guideline value for K.K.Nagar 13th Sector 87th Street has seen significant changes over the years. In 2007, the guideline value was Rs 1,210 per sq.ft, which then rose to Rs 5,000 per sq.ft in both 2012 and 2023. The most recent revision in 2024 increased the value to Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Notably, there were no figures available for the years 2002, 2003, and 2017 in the register for this street. The most dramatic change occurred between 2007 and 2012, where the value surged by 313%. Overall, from 2007 to 2024, the guideline value has increased by 355%.

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 of Rs 4,900 per sq.ft. The guideline value of K.K.Nagar 13th Sector 87th Street is above this median.

Stamp duty and registration fee for property in K.K.Nagar 13th Sector 87th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. It is important to note that 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 accurate calculations based on your property specifics.

Which Sub Registrar Office covers K.K.Nagar 13th Sector 87th Street?

The K.K.Nagar 13th Sector 87th Street is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kodambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official valuation of the property.

When a property is registered, the guideline value is used to assess the applicable duties. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of K.K.Nagar 13th Sector 87th Street?

The current guideline value of K.K.Nagar 13th Sector 87th Street is Rs 5,500 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 5,500 per sq.ft in 2024, reflecting an overall increase of 355% over the years.

What are the other streets in Kodambakkam with similar guideline values?

Other streets in Kodambakkam with similar guideline values include K.K.Nagar 13th Sector 86th Street, 88th Street, 85th Street, and 84th Street, all currently valued at Rs 5,500 per sq.ft in 2024.

Where can I find the Ashok Nagar Sub Registrar Office?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in K.K.Nagar 13th Sector 87th Street?

Stamp duty for properties in K.K.Nagar 13th Sector 87th Street is calculated at 7% of the guideline value, and the registration fee is charged at 2%. The duty is based on the higher of the guideline value or the sale price.