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Guideline Value

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Guideline Value for K.K.Nagar 4th Sector 20th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 4th Sector 20th 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 20th Street

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K.K.Nagar 4th Sector 20th Street guideline value

The current guideline value for K.K.Nagar 4th Sector 20th Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village and falls under the Virugambakkam SRO, classified as Residential Special Type - I.

How the guideline value of K.K.Nagar 4th Sector 20th Street has changed

In the 2007 revision, the guideline value was Rs 2,650 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2012 revision, marking a 145% rise. However, in the 2017 revision, the value decreased to Rs 4,355 per sq.ft, reflecting a 33% drop. The 2023 revision saw a substantial increase to Rs 6,500 per sq.ft, followed by a further increase to Rs 7,150 per sq.ft in the 2024 revision, which is a 10% rise. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 170%. The changes between the revisions highlight the fluctuations in the guideline value over the years, with the most recent figure showing a strong upward trend.

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 is Rs 4,400 per sq.ft, placing K.K.Nagar 4th Sector 20th Street's 2024 figure above this median.

Stamp duty and registration fee for property in K.K.Nagar 4th Sector 20th 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, 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.

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

Which Sub Registrar Office covers K.K.Nagar 4th Sector 20th Street?

The K.K.Nagar 4th Sector 20th Street is covered by 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 essential factor in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When registering a property, buyers must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value for K.K.Nagar 4th Sector 20th Street?

The current guideline value for K.K.Nagar 4th Sector 20th 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 seen several revisions, starting 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 registration office for K.K.Nagar 4th Sector 20th Street?

The registration office covering K.K.Nagar 4th Sector 20th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that these fees are calculated based on a standardized value, which is crucial for maintaining transparency in the real estate market.