Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for K.K.Nagar 15th Sector 94th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 15th Sector 94th 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 15th Sector 94th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

K.K.Nagar 15th Sector 94th Street guideline value

The current guideline value for K.K.Nagar 15th Sector 94th 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 15th Sector 94th Street has changed

The guideline value for K.K.Nagar 15th Sector 94th Street has undergone 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, marking a 437% increase. However, from 2012 to 2017, the value saw a decrease of 33%, settling at Rs 4,355 per sq.ft. The value then rose to Rs 6,500 per sq.ft in 2023, a 49% increase from the previous revision.

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

Guideline values in Kodambakkam

Kodambakkam village has a wide range of guideline values, with 1,031 streets under the Ashok Nagar SRO carrying values 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, positioning K.K.Nagar 15th Sector 94th Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 15th Sector 94th 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 amount to 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 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 15th Sector 94th Street?

The Sub Registrar Office that covers K.K.Nagar 15th Sector 94th Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 the registration process of property transactions in Kodambakkam. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees that buyers must pay.

When buying or selling property, it is essential to be aware of the guideline value, as it ensures compliance with legal requirements. Buyers should also consider the guideline value when negotiating the sale price to ensure they are making an informed decision.

Frequently asked questions

What is the current guideline value for K.K.Nagar 15th Sector 94th Street?

The current guideline value for K.K.Nagar 15th Sector 94th 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 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 are the stamp duty and registration fees for property in K.K.Nagar 15th Sector 94th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total stamp duty and registration fee would be Rs 6,30,000.

Which office handles property registrations for K.K.Nagar 15th Sector 94th Street?

The Ashok Nagar Sub Registrar Office handles property registrations for K.K.Nagar 15th Sector 94th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property and impacts the stamp duty and registration fees. It is essential for compliance with legal requirements during property transactions.