Guideline Value

Corporate

Guideline Value for K.K.Nagar 13th Sector 91st Street

₹7000/sq.ft.

The guideline value for K.k.nagar 13th Sector 91st 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 13th Sector 91st Street

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K.K.Nagar 13th Sector 91st Street guideline value

The current guideline value of K.K.Nagar 13th Sector 91st Street is Rs 7,000 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 Special Type - III.

How the guideline value of K.K.Nagar 13th Sector 91st Street has changed

The guideline value for K.K.Nagar 13th Sector 91st 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 260% rise. This was followed by a further increase to Rs 6,500 per sq.ft in 2023, which represented a 49% increase from the previous revision.

The latest revision in 2024 set the guideline value at Rs 7,000 per sq.ft, reflecting an 8% increase from 2023. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kodambakkam

In Kodambakkam, the guideline values vary significantly, with 1,031 streets under the Ashok Nagar SRO carrying a 2024 figure 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, placing K.K.Nagar 13th Sector 91st Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 13th Sector 91st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,000 per sq.ft, the total guideline value would be 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. 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 13th Sector 91st Street?

The K.K.Nagar 13th Sector 91st Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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 in property transactions in Kodambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as stamp duty and registration fees are based on the guideline value or the sale price, whichever is higher.

It is important for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 13th Sector 91st Street?

The current guideline value of K.K.Nagar 13th Sector 91st 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, 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 13th Sector 91st Street?

K.K.Nagar 13th Sector 91st Street is classified as Residential Special Type - III.

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 Nolambur Eb Office.

How is the stamp duty calculated for properties in K.K.Nagar 13th Sector 91st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 7,000 per sq.ft, the stamp duty would be Rs 4,90,000.