Guideline Value

Corporate

Guideline Value for K.K.Nagar 14th Sector 104th Street

₹4900/sq.ft.

The guideline value for K.k.nagar 14th Sector 104th Street in Kodambakkam village (Ashok Nagar SRO, Chennai zone) is Rs 4900 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodambakkam

Village

Ashok Nagar

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹4900 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /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 14th Sector 104th Street

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K.K.Nagar 14th Sector 104th Street guideline value

The current guideline value of K.K.Nagar 14th Sector 104th Street is Rs 4,900 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 Class III Type - II.

How the guideline value of K.K.Nagar 14th Sector 104th Street has changed

The guideline value for K.K.Nagar 14th Sector 104th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,210 per sq.ft, which increased to Rs 3,015 per sq.ft in 2017, marking a significant rise of 149%. The value further increased to Rs 4,500 per sq.ft in 2023, representing a 49% increase from the previous revision. The current value of Rs 4,900 per sq.ft from the 2024 revision reflects a 9% increase from 2023.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 305%.

Guideline values in Kodambakkam

In Kodambakkam, there are 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 is Rs 4,900 per sq.ft, which is equal to the current value of K.K.Nagar 14th Sector 104th Street.

Stamp duty and registration fee for property in K.K.Nagar 14th Sector 104th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, bringing the total to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 14th Sector 104th Street?

The Sub Registrar Office that covers K.K.Nagar 14th Sector 104th Street is 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 more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of K.K.Nagar 14th Sector 104th Street?

The current guideline value of K.K.Nagar 14th Sector 104th Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 305% over the years.

What is the stamp duty for property in K.K.Nagar 14th Sector 104th Street?

The stamp duty for property in K.K.Nagar 14th Sector 104th Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for K.K.Nagar 14th Sector 104th Street?

The Ashok Nagar Sub Registrar Office is responsible for K.K.Nagar 14th Sector 104th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for K.K.Nagar 14th Sector 104th Street?

The land classification for K.K.Nagar 14th Sector 104th Street is Residential Class III Type - II, indicating its suitability for residential purposes.