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Guideline Value

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Guideline Value for East Kamakodi Nagar 3rd Street

₹4400/sq.ft.

The guideline value for East Kamakodi Nagar 3rd 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 3rd Street

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East Kamakodi Nagar 3rd Street guideline value

The current guideline value of East Kamakodi Nagar 3rd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of East Kamakodi Nagar 3rd Street has changed

The guideline value for East Kamakodi Nagar 3rd Street has seen several revisions over the years. In 2002, the value was Rs 472 per sq.ft, which increased to Rs 513 per sq.ft in 2003, marking a 9% rise. By 2007, the value further increased to Rs 650 per sq.ft, reflecting a 27% change. The 2012 revision maintained the value at Rs 4,000 per sq.ft, showing no change from the previous figure. In 2023, the value remained at Rs 4,000 per sq.ft, and finally, the current revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, indicating a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2017 in the register 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, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, placing East Kamakodi Nagar 3rd Street's 2024 figure above this median.

Stamp duty and registration fee for property in East Kamakodi Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total Rs 3,96,000. 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 detailed calculations.

Which Sub Registrar Office covers East Kamakodi Nagar 3rd Street?

The Sub Registrar Office that covers East Kamakodi Nagar 3rd Street is 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 is a critical factor when buying or selling property in Valasaravakkam. It serves as the basis for calculating the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating the applicable duties.

When a property transaction occurs, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. It is advisable for buyers and sellers to be familiar with the current guideline values in their respective areas to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of East Kamakodi Nagar 3rd Street?

The current guideline value of East Kamakodi Nagar 3rd 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 changed from Rs 472 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 832% over the years.

What is the land classification for East Kamakodi Nagar 3rd Street?

The land classification for East Kamakodi Nagar 3rd Street is Residential Class I Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for East Kamakodi Nagar 3rd Street?

The Virugambakkam Sub Registrar Office handles registrations for East Kamakodi Nagar 3rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.