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Guideline Value

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Guideline Value for East Kamakodi Nagar 3rd Cross Street

₹4400/sq.ft.

The guideline value for East Kamakodi Nagar 3rd Cross Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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 3rd Cross Street

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East Kamakodi Nagar 3rd Cross Street guideline value

The current guideline value of East Kamakodi Nagar 3rd 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 3rd Cross Street has changed

Over the years, the guideline value for East Kamakodi Nagar 3rd Cross Street has seen significant changes. The earliest recorded figure is from 2002, where the value was Rs 472 per sq.ft. By 2003, it increased to Rs 513 per sq.ft, marking a 9% rise. The value continued to increase to Rs 650 per sq.ft in 2007, which is a 27% increase from the previous revision. The next major leap occurred in 2012, with the guideline value reaching Rs 4,000 per sq.ft, reflecting a substantial 515% increase from 2007. However, this was followed by a decrease to Rs 2,680 per sq.ft in 2017, a drop of 33%.

As of the 2024 revision, the guideline value stands at Rs 4,400 per sq.ft, which is a 64% increase from 2017. Overall, from 2002 to 2024, there has been an increase of 832% in the guideline value for this street. It is important to note that the register has no figure for the year 2023 for this street.

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. The median value for these streets is Rs 3,850 per sq.ft, placing East Kamakodi Nagar 3rd Cross Street above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to 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. 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 East Kamakodi Nagar 3rd Cross Street?

The East Kamakodi Nagar 3rd 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 details.

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 is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

When a buyer decides to purchase property, the guideline value helps in assessing the fair value of the property for registration purposes. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the transfer of property ownership.

Frequently asked questions

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

The current guideline value of East Kamakodi Nagar 3rd 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, reflecting an overall increase of 832% over the years.

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

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

Which office handles registrations for properties in this area?

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

How is the stamp duty calculated for property transactions?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is charged on the guideline value.