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Guideline Value

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Guideline Value for East Kamakodi Nagar 4th Cross Street

₹4400/sq.ft.

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

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East Kamakodi Nagar 4th Cross Street guideline value

The current guideline value of East Kamakodi Nagar 4th Cross 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 Cross Street has changed

The guideline value for East Kamakodi Nagar 4th Cross Street has undergone several revisions since 2002. The first recorded figure in 2002 was Rs 472 per sq.ft, which increased to Rs 513 per sq.ft in 2003, marking a 9% rise. By 2007, the value surged to Rs 650 per sq.ft, a 27% increase from the previous revision. The value saw a significant jump to Rs 4,000 per sq.ft in 2012, reflecting a 515% increase. However, in 2017, the guideline value decreased to Rs 2,680 per sq.ft, a drop of 33%. The most recent revision in 2024 has brought the value back up to Rs 4,400 per sq.ft, which is a 64% increase from 2017.

It is important to note that there is no guideline value recorded for this street in 2023. Overall, the guideline value has increased by 832% from 2002 to 2024.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with 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 4th Cross Street's 2024 value above the median.

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

You can use the stamp duty and registration fee calculator for more information.

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

The Sub Registrar Office that covers East Kamakodi Nagar 4th Cross 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 details.

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

The guideline value is a critical factor during the registration of property transactions in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

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

The current guideline value of East Kamakodi Nagar 4th 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, increasing from Rs 472 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 832%.

What is the land classification for East Kamakodi Nagar 4th Cross Street?

East Kamakodi Nagar 4th Cross Street is classified as Residential Class I Type - II.

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

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

Which office handles property registrations for East Kamakodi Nagar 4th Cross Street?

The Virugambakkam Sub Registrar Office handles property registrations for East Kamakodi Nagar 4th Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.