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Guideline Value

Corporate

Guideline Value for East Kamakodi Nagar 1st Cross Street

₹4400/sq.ft.

The guideline value for East Kamakodi Nagar 1st Cross 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 ₹2680 /sq.ft.
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 Cross Street

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East Kamakodi Nagar 1st Cross Street guideline value

The current guideline value of East Kamakodi Nagar 1st Cross 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 1st Cross Street has changed

The guideline value for East Kamakodi Nagar 1st Cross Street has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 472 per sq.ft. This increased to Rs 513 per sq.ft in 2003, marking a 9% rise. By 2007, the value saw a significant jump to Rs 650 per sq.ft, which was a 27% increase from the previous year. The 2012 revision recorded a guideline value of Rs 4,000 per sq.ft, reflecting a substantial increase of 515% from 2007. However, this value decreased by 33% to Rs 2,680 per sq.ft in 2017.

In the 2023 revision, the guideline value was set at Rs 4,000 per sq.ft, and it increased by 10% to reach the current value of Rs 4,400 per sq.ft in 2024. 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 carry 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 Cross Street is above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty, charged at 7%, would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, totaling 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 our stamp duty and registration fee calculator for further calculations.

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

The East Kamakodi Nagar 1st Cross Street is covered by 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 essential during the registration process of property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the sale.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These charges are based on the guideline value or the sale price, whichever is higher, ensuring transparency in property transactions.

Frequently asked questions

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

The current guideline value of East Kamakodi Nagar 1st Cross 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 significantly 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 1st Cross Street?

The land classification for East Kamakodi Nagar 1st Cross 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, and the registration fee is 2%. For example, for a property valued at Rs 44,00,000, the total fees would be Rs 3,96,000.

Which office handles registrations for East Kamakodi Nagar 1st Cross Street?

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