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Guideline Value

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Guideline Value for K.K.Nagar 6th Sector 31st Street

₹7150/sq.ft.

The guideline value for K.k.nagar 6th Sector 31st 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 6th Sector 31st Street

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K.K.Nagar 6th Sector 31st Street guideline value

The current guideline value of K.K.Nagar 6th Sector 31st 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 6th Sector 31st Street has changed

The guideline value for K.K.Nagar 6th Sector 31st Street has seen several revisions over the years. In 2007, the value was Rs 2,650 per sq.ft. It increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 145%. However, it then decreased to Rs 4,355 per sq.ft in 2017, which was a drop of 33%. The value saw a substantial increase again, reaching Rs 6,500 per sq.ft in 2023, and then further rising to Rs 7,150 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has increased by 170%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, making the 2024 value of K.K.Nagar 6th Sector 31st Street above the median.

Stamp duty and registration fee for property in K.K.Nagar 6th Sector 31st 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 6th Sector 31st Street?

The K.K.Nagar 6th Sector 31st 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

The guideline value is an essential factor when registering property transactions in Virugambakkam. It helps determine the stamp duty and registration fees that buyers must pay, ensuring that the transaction is recorded at a fair value as per government regulations.

When a property is bought or sold, the guideline value serves as a benchmark for taxation purposes. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of K.K.Nagar 6th Sector 31st Street?

The current guideline value of K.K.Nagar 6th Sector 31st 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% across the years.

What are the registration fees for property in K.K.Nagar 6th Sector 31st Street?

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 property registrations in this area?

The Virugambakkam Sub Registrar Office handles property registrations for K.K.Nagar 6th Sector 31st Street, 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, which is lower than the current value of K.K.Nagar 6th Sector 31st Street.