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Guideline Value

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Guideline Value for K.K.Nagar 7th Sector 35th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 7th Sector 35th 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 35th Street

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K.K.Nagar 7th Sector 35th Street guideline value

The current guideline value for K.K.Nagar 7th Sector 35th 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 7th Sector 35th Street has changed

The guideline value for K.K.Nagar 7th Sector 35th Street has seen several revisions over the years. In 2007, the value was Rs 2,650 per sq.ft, which increased by 145% to Rs 6,500 per sq.ft in 2012. However, it then decreased by 33% to Rs 4,355 per sq.ft in 2017. The value rose significantly by 49% to Rs 6,500 per sq.ft in 2023, and then increased by 10% to the current rate of Rs 7,150 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 170%. The fluctuations in the guideline value reflect the changes in the real estate landscape over the years, with notable increases and decreases at various points in time.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, making the 2024 guideline value for K.K.Nagar 7th Sector 35th Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 7th Sector 35th 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, while the registration fee at 2% would be Rs 1,43,000, leading to a total cost of Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 7th Sector 35th Street?

The K.K.Nagar 7th Sector 35th 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 a crucial factor when buying or selling property in Virugambakkam. It serves as a benchmark for determining the minimum value of transactions and is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives fair revenue from property transactions.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency in property dealings and ensures that all transactions are recorded accurately.

Frequently asked questions

What is the current guideline value for K.K.Nagar 7th Sector 35th Street?

The current guideline value for K.K.Nagar 7th Sector 35th 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 multiple times, starting from Rs 2,650 per sq.ft in 2007, rising to Rs 6,500 in 2012, then decreasing to Rs 4,355 in 2017, and increasing to Rs 6,500 in 2023 before reaching the current value of Rs 7,150 in 2024.

What is the land classification for K.K.Nagar 7th Sector 35th Street?

K.K.Nagar 7th Sector 35th Street is classified as Residential Special Type - I.

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office 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 35th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would amount to Rs 5,00,500.