Guideline Value

Corporate

Guideline Value for K.K.Nagar 4th Sector 18th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 4th Sector 18th 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 18th Street

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K.K.Nagar 4th Sector 18th Street guideline value

The current guideline value of K.K.Nagar 4th Sector 18th 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 18th Street has changed

Over the years, the guideline value of K.K.Nagar 4th Sector 18th Street has seen several revisions. 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, the value then decreased to Rs 4,355 per sq.ft in 2017, reflecting a 33% drop. The 2023 revision brought the value back up to Rs 6,500 per sq.ft, and the latest 2024 revision has further increased it to Rs 7,150 per sq.ft, a 10% increase from the previous year.

In summary, from the 2017 revision to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 170%. It is important to note that the register has no figures for the years 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. The guideline value for K.K.Nagar 4th Sector 18th Street is above this median.

Stamp duty and registration fee for property in K.K.Nagar 4th Sector 18th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, bringing the total cost for these fees to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 4th Sector 18th Street?

The K.K.Nagar 4th Sector 18th Street falls under the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an officially recognized value.

It is essential for buyers and sellers to be aware of the guideline value as it affects the overall cost of property transactions. Accurate knowledge of the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 4th Sector 18th Street?

The current guideline value of K.K.Nagar 4th Sector 18th Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 2,650 per sq.ft to Rs 7,150 per sq.ft in 2024, marking an overall increase of 170%.

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

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 Sub Registrar Office covers K.K.Nagar 4th Sector 18th Street?

The Virugambakkam Sub Registrar Office covers K.K.Nagar 4th Sector 18th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for K.K.Nagar 4th Sector 18th Street?

K.K.Nagar 4th Sector 18th Street is classified as Residential Special Type - I.