Guideline Value

Corporate

Guideline Value for K.K.Nagar 4th Sector 14th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 4th Sector 14th Street in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 7150 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹7150 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2650 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 K.k.nagar 4th Sector 14th Street

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K.K.Nagar 4th Sector 14th Street guideline value

The current guideline value for K.K.Nagar 4th Sector 14th Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of K.K.Nagar 4th Sector 14th Street has changed

The guideline value for K.K.Nagar 4th Sector 14th Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,650 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012, marking a 145% rise. However, it then decreased to Rs 4,355 per sq.ft in 2017, representing a decline of 33%. The value further increased to Rs 6,500 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 7,150 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 rate, the guideline value has increased by 170%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. K.K.Nagar 4th Sector 14th Street's 2024 figure is above this median.

Stamp duty and registration fee for property in K.K.Nagar 4th Sector 14th Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 4th Sector 14th Street?

The K.K.Nagar 4th Sector 14th Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor during property registration in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value must be considered as it impacts the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of K.K.Nagar 4th Sector 14th Street?

The current guideline value of K.K.Nagar 4th Sector 14th Street is Rs 7,150 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 2,650 per sq.ft in 2007 to Rs 7,150 per sq.ft in 2024, marking an overall increase of 170% over this period.

What is the land classification for K.K.Nagar 4th Sector 14th Street?

K.K.Nagar 4th Sector 14th Street is classified as Residential Special Type - I.

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

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500, and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Which office handles the registration for K.K.Nagar 4th Sector 14th Street?

The Virugambakkam Sub Registrar Office handles the registration for K.K.Nagar 4th Sector 14th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.