Guideline Value

Corporate

Guideline Value for K.K.Nagar 15th Sector 99th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 15th Sector 99th 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 99th Street

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K.K.Nagar 15th Sector 99th Street guideline value

The current guideline value of K.K.Nagar 15th Sector 99th 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 99th Street has changed

The guideline value for K.K.Nagar 15th Sector 99th Street has seen several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 1,210 per sq.ft. This figure significantly increased to Rs 6,500 per sq.ft in the 2012 revision, remaining unchanged until the 2023 revision. In 2023, the guideline value was Rs 6,500 per sq.ft, and it then rose by 8% to reach Rs 7,000 per sq.ft in the 2024 revision.

Overall, from 2007 to 2024, the guideline value has increased by 479%. Notably, there are no figures available for the years 2017, 2003, and 2002 for this street.

Guideline values in Kodambakkam

Kodambakkam village has a total of 1,031 streets under the Ashok Nagar SRO, with 2024 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, indicating that K.K.Nagar 15th Sector 99th Street's 2024 figure is above this median.

Stamp duty and registration fee for property in K.K.Nagar 15th Sector 99th 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 to Rs 6,30,000. Duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 15th Sector 99th Street?

The K.K.Nagar 15th Sector 99th 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). You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the authorities will charge the stamp duty based on the higher of the guideline value or the sale price. This ensures that the fees reflect the true value of the transaction, safeguarding both buyers and sellers.

Frequently asked questions

What is the current guideline value of K.K.Nagar 15th Sector 99th Street?

The current guideline value of K.K.Nagar 15th Sector 99th 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 from Rs 1,210 per sq.ft in 2007 to Rs 7,000 per sq.ft in 2024, reflecting an overall increase of 479% over the years.

What are the guideline values for other streets in Kodambakkam?

Other streets in Kodambakkam under the Ashok Nagar SRO have guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft, with K.K.Nagar 15th Sector 99th Street valued at Rs 7,000 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in K.K.Nagar 15th Sector 99th Street?

For a 1,000 sq.ft property, the total guideline value is Rs 70,00,000, leading to a stamp duty of Rs 4,90,000 and a registration fee of Rs 1,40,000, totaling Rs 6,30,000.

Where can I find the Sub Registrar Office for K.K.Nagar 15th Sector 99th Street?

The Ashok Nagar Sub Registrar Office, which covers K.K.Nagar 15th Sector 99th Street, is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.