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Guideline Value

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Guideline Value for K.K.Nagar 7th Sector 34th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 7th Sector 34th 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 7th Sector 34th Street

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K.K.Nagar 7th Sector 34th Street guideline value

The current guideline value for K.K.Nagar 7th Sector 34th Street is Rs 7,150 per sq.ft. 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 7th Sector 34th Street has changed

The guideline value for K.K.Nagar 7th Sector 34th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 2,650 per sq.ft. This value increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 145%. However, the value decreased to Rs 4,355 per sq.ft in 2017, a decline of 33%. Following this, the guideline value rose sharply to Rs 6,500 per sq.ft in 2023, and then further increased to the current value of Rs 7,150 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 170%, showcasing the changes in valuation over the years.

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. K.K.Nagar 7th Sector 34th Street's 2024 figure of Rs 7,150 per sq.ft is above this median.

Stamp duty and registration fee for property in K.K.Nagar 7th Sector 34th Street

For a 1,000 sq.ft plot at the current rate of Rs 7,150 per sq.ft, the 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 to Rs 6,43,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 7th Sector 34th Street?

The Sub Registrar Office covering K.K.Nagar 7th Sector 34th 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 crucial factor in property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property, which can influence negotiations and final sale prices. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 7th Sector 34th Street?

The current guideline value of K.K.Nagar 7th Sector 34th 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, representing an overall increase of 170% over the years.

What is the land classification for K.K.Nagar 7th Sector 34th Street?

K.K.Nagar 7th Sector 34th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for K.K.Nagar 7th Sector 34th Street?

The Sub Registrar Office for K.K.Nagar 7th Sector 34th Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in K.K.Nagar 7th Sector 34th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500.