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Guideline Value

Corporate

Guideline Value for East Kamakodi Nagar 1st Street

₹4400/sq.ft.

The guideline value for East Kamakodi Nagar 1st Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹513 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹472 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 East Kamakodi Nagar 1st Street

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East Kamakodi Nagar 1st Street guideline value

The current guideline value of East Kamakodi Nagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - II.

How the guideline value of East Kamakodi Nagar 1st Street has changed

The guideline value for East Kamakodi Nagar 1st Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 472 per sq.ft. It increased to Rs 513 per sq.ft in 2003, marking a change of 9%. The value then rose to Rs 650 per sq.ft in 2007, reflecting a 27% increase. By 2012, the guideline value remained at Rs 4,000 per sq.ft, showing no change from the previous revision. In 2023, the value was again Rs 4,000 per sq.ft, and in the latest 2024 revision, it increased to Rs 4,400 per sq.ft, a 10% rise from the previous year.

It is important to note that there is no figure available for the 2017 revision for this street. Overall, from 2002 to 2024, the guideline value has increased by 832%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that have a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value of East Kamakodi Nagar 1st Street is above this median.

Stamp duty and registration fee for property in East Kamakodi Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value is Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers East Kamakodi Nagar 1st Street?

The East Kamakodi Nagar 1st Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value as per government standards.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the established guidelines.

Frequently asked questions

What is the current guideline value of East Kamakodi Nagar 1st Street?

The current guideline value of East Kamakodi Nagar 1st Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 472 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 832% over the years.

What is the land classification for East Kamakodi Nagar 1st Street?

The land classification for East Kamakodi Nagar 1st Street is Residential Class I Type - II.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers East Kamakodi Nagar 1st Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.