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Guideline Value

Corporate

Guideline Value for East Kamakodi Nagar 4th Street

₹4400/sq.ft.

The guideline value for East Kamakodi Nagar 4th 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 4th Street

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East Kamakodi Nagar 4th Street guideline value

The current guideline value of East Kamakodi Nagar 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO and is classified as Residential Class I Type - II.

How the guideline value of East Kamakodi Nagar 4th Street has changed

The guideline value for East Kamakodi Nagar 4th Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 472 per sq.ft. This increased to Rs 513 per sq.ft in 2003, marking a change of +9%. In 2007, the value jumped significantly to Rs 650 per sq.ft, reflecting a +27% increase. The 2012 revision saw the value remain at Rs 4,000 per sq.ft, with no change from the previous year. The next revision in 2023 also maintained the value at Rs 4,000 per sq.ft, before rising to Rs 4,400 per sq.ft in the 2024 revision, which is a +10% increase.

It is important to note that there is no figure available for this street in the 2017 revision. 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 guideline value for these streets is Rs 3,850 per sq.ft, indicating that the 2024 figure for East Kamakodi Nagar 4th Street is above this median.

Stamp duty and registration fee for property in East Kamakodi Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers East Kamakodi Nagar 4th Street?

The East Kamakodi Nagar 4th Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of East Kamakodi Nagar 4th Street?

The current guideline value of East Kamakodi Nagar 4th 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 this period.

What is the registration office for East Kamakodi Nagar 4th Street?

The registration office for East Kamakodi Nagar 4th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in East Kamakodi Nagar 4th Street is 7% of the guideline value or sale price, whichever is higher.

What is the median guideline value for streets in Valasaravakkam?

The median guideline value for streets in Valasaravakkam is Rs 3,850 per sq.ft, with East Kamakodi Nagar 4th Street's 2024 figure being above this median.