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Guideline Value

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Guideline Value for K.K.Nagar 5th Sector 21st Street

₹7150/sq.ft.

The guideline value for K.k.nagar 5th Sector 21st 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 5th Sector 21st Street

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K.K.Nagar 5th Sector 21st Street guideline value

The current guideline value of K.K.Nagar 5th Sector 21st 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 with a land classification of Residential Special Type - I.

How the guideline value of K.K.Nagar 5th Sector 21st Street has changed

Over the years, the guideline value of K.K.Nagar 5th Sector 21st Street has seen significant changes. The 2007 revision set the value at Rs 2,650 per sq.ft. This was followed by a substantial increase to Rs 6,500 per sq.ft in the 2012 revision, marking a 145% rise. However, the value dropped to Rs 4,355 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision brought the value back up to Rs 6,500 per sq.ft, and the most recent 2024 revision increased it further to Rs 7,150 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

In summary, from the 2007 revision to the current 2024 guideline value, there has been an overall increase of 170%. The changes between the revisions highlight the fluctuations in property values over the years, with the most significant increase occurring from 2017 to 2023, where the value rose by 49%.

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 5th Sector 21st Street's 2024 value above this median.

Stamp duty and registration fee for property in K.K.Nagar 5th Sector 21st 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 fees together 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 5th Sector 21st Street?

The K.K.Nagar 5th Sector 21st Street falls under the jurisdiction of 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

When buying or selling property in Virugambakkam, the guideline value is essential for determining the stamp duty and registration fees. The guideline value serves as a reference point to ensure that the transaction is registered at an appropriate value, which helps in maintaining transparency in property transactions.

It is crucial to understand that the guideline value can influence the overall cost of purchasing property, as it directly affects the fees payable during the registration process. Buyers and sellers should be aware of the current guideline value to make informed decisions during the transaction.

Frequently asked questions

What is the current guideline value of K.K.Nagar 5th Sector 21st Street?

The current guideline value of K.K.Nagar 5th Sector 21st 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 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 was the guideline value in 2017?

The guideline value in 2017 was Rs 4,355 per sq.ft, which was a decrease from Rs 6,500 per sq.ft in the 2012 revision.

Where can I find the registration office for K.K.Nagar 5th Sector 21st Street?

The registration office for K.K.Nagar 5th Sector 21st Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value in Virugambakkam?

The median guideline value in Virugambakkam is Rs 4,400 per sq.ft, with K.K.Nagar 5th Sector 21st Street's 2024 value being above this median.