Guideline Value

Corporate

Guideline Value for K.K.Nagar 15th Sector 96th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 15th Sector 96th 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 N/A
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 96th Street

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K.K.Nagar 15th Sector 96th Street guideline value

The current guideline value for K.K.Nagar 15th Sector 96th 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, classified as Residential Special Type - III.

How the guideline value of K.K.Nagar 15th Sector 96th Street has changed

The guideline value for K.K.Nagar 15th Sector 96th Street has seen significant revisions over the years. Starting from Rs 1,210 per sq.ft in 2007, it increased to Rs 6,500 per sq.ft in 2012, which remained unchanged until the 2023 revision. In 2023, the value was revised to Rs 6,500 per sq.ft, and then it increased to Rs 7,000 per sq.ft in 2024, marking an 8% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 479%. The revisions for the years 2017, 2003, and 2002 have no figures available for this street in the register.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, making the current value for K.K.Nagar 15th Sector 96th Street above the median.

Stamp duty and registration fee for property in K.K.Nagar 15th Sector 96th 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, bringing the total costs together to Rs 6,30,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 15th Sector 96th Street?

The K.K.Nagar 15th Sector 96th Street is covered by 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 when buying or selling property in Kodambakkam. It determines the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for K.K.Nagar 15th Sector 96th Street?

The current guideline value for K.K.Nagar 15th Sector 96th 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 increased from Rs 1,210 per sq.ft in 2007 to Rs 6,500 per sq.ft in 2012, remained the same until 2023, and then rose to Rs 7,000 per sq.ft in 2024.

What is the land classification for K.K.Nagar 15th Sector 96th Street?

K.K.Nagar 15th Sector 96th Street is classified as Residential Special Type - III.

What is the stamp duty rate for property transactions in K.K.Nagar?

The stamp duty rate for property transactions in K.K.Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for K.K.Nagar 15th Sector 96th Street?

The Ashok Nagar Sub Registrar Office covers K.K.Nagar 15th Sector 96th Street and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.