Guideline Value

Corporate

Guideline Value for K.K.Nagar 13th Sector 92nd Street

₹7000/sq.ft.

The guideline value for K.k.nagar 13th Sector 92nd 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 13th Sector 92nd Street

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K.K.Nagar 13th Sector 92nd Street guideline value

The current guideline value for K.K.Nagar 13th Sector 92nd 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 13th Sector 92nd Street has changed

The guideline value for K.K.Nagar 13th Sector 92nd 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 then decreased to Rs 4,355 per sq.ft in 2017. The value rose again to Rs 6,500 per sq.ft in 2023 before reaching the current rate of Rs 7,000 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was a substantial increase of 49%, followed by an 8% rise from 2023 to 2024. The overall increase from 2007 to 2024 amounts to 479%, highlighting the significant changes in the guideline value over this period.

Guideline values in Kodambakkam

Kodambakkam village features 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing K.K.Nagar 13th Sector 92nd Street above this median at Rs 7,000 per sq.ft.

Stamp duty and registration fee for property in K.K.Nagar 13th Sector 92nd 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 together Rs 6,30,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 13th Sector 92nd Street?

The K.K.Nagar 13th Sector 92nd Street falls under the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). To find your SRO, please visit find your SRO.

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

The guideline value is crucial when registering property transactions in Kodambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is considered to determine the minimum value on which stamp duty is calculated. This ensures that the registration process is transparent and fair, reflecting the current market conditions.

Frequently asked questions

What is the current guideline value for K.K.Nagar 13th Sector 92nd Street?

The current guideline value for K.K.Nagar 13th Sector 92nd Street is Rs 7,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,210 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, marking an overall increase of 479% over the years.

What is the land classification for K.K.Nagar 13th Sector 92nd Street?

The land classification for K.K.Nagar 13th Sector 92nd Street is Residential Special Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty for property transactions in this area is 7%, while the registration fee is 2%. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which SRO covers K.K.Nagar 13th Sector 92nd Street?

K.K.Nagar 13th Sector 92nd Street is covered by the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.