Guideline Value

Corporate

Guideline Value for K.K.Nagar 54th Street

₹7000/sq.ft.

The guideline value for K.k.nagar 54th 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 54th Street

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K.K.Nagar 54th Street guideline value

The current guideline value of K.K.Nagar 54th 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 54th Street has changed

The guideline value for K.K.Nagar 54th Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,210 per sq.ft. This value increased significantly to Rs 6,500 per sq.ft in 2012. There was no change in the guideline value from 2012 to 2023, where it remained at Rs 6,500 per sq.ft. The latest revision in 2024 saw an increase to Rs 7,000 per sq.ft, marking an 8% rise from the previous year.

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

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value, 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, making the 2024 figure for K.K.Nagar 54th Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 54th 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, 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.

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

Which Sub Registrar Office covers K.K.Nagar 54th Street?

The Sub Registrar Office that covers K.K.Nagar 54th 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 details.

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 serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

Understanding the guideline value helps buyers and sellers navigate the financial aspects of property transactions. It is essential for ensuring compliance with local regulations and for accurately calculating the total costs involved in property registration.

Frequently asked questions

What is the current guideline value of K.K.Nagar 54th Street?

The current guideline value of K.K.Nagar 54th 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%.

What is the stamp duty for property in K.K.Nagar 54th Street?

The stamp duty for property in K.K.Nagar 54th Street is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers K.K.Nagar 54th Street?

The Ashok Nagar Sub Registrar Office covers K.K.Nagar 54th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the guideline values in Kodambakkam?

In Kodambakkam, guideline values range from Rs 2,200 to Rs 11,000 per sq.ft, with a median of Rs 4,900 per sq.ft. K.K.Nagar 54th Street's guideline value of Rs 7,000 per sq.ft is above this median.