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Guideline Value

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Guideline Value for K.K.Nagar 4th Sector 16th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 4th Sector 16th 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 16th Street

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K.K.Nagar 4th Sector 16th Street guideline value

The current guideline value of K.K.Nagar 4th Sector 16th Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of K.K.Nagar 4th Sector 16th Street has changed

The guideline value for K.K.Nagar 4th Sector 16th Street has undergone several revisions over the years. The oldest available figure is from the 2007 revision, which was Rs 2,650 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2012 revision, representing a rise of 145%. However, the value then decreased to Rs 4,355 per sq.ft in the 2017 revision, marking a decline of 33%. The value saw a substantial increase to Rs 6,500 per sq.ft in the 2023 revision, which was a 49% rise, before reaching the current figure of Rs 7,150 per sq.ft in the 2024 revision, reflecting a 10% increase.

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

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. The median guideline value for these streets is Rs 4,400 per sq.ft, placing K.K.Nagar 4th Sector 16th Street's current value above this median.

Stamp duty and registration fee for property in K.K.Nagar 4th Sector 16th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to Rs 5,00,500, while the registration fee at 2% would be Rs 1,43,000. Together, the total cost for stamp duty and registration would be 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 4th Sector 16th Street?

The Sub Registrar Office that covers K.K.Nagar 4th Sector 16th 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps ensure compliance with local regulations and provides clarity on the financial obligations involved in property transactions in the area. It is essential for both parties to be informed of the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 4th Sector 16th Street?

The current guideline value of K.K.Nagar 4th Sector 16th 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, reflecting an overall increase of 170% over the years.

What are the stamp duty and registration fees for property in K.K.Nagar 4th Sector 16th Street?

For a 1,000 sq.ft property, the total guideline value would be 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 Sub Registrar Office covers K.K.Nagar 4th Sector 16th Street?

The Virugambakkam Sub Registrar Office covers K.K.Nagar 4th Sector 16th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for K.K.Nagar 4th Sector 16th Street?

K.K.Nagar 4th Sector 16th Street is classified as Residential Special Type - I, which is relevant for determining its guideline value.