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Guideline Value

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Guideline Value for K.K.Nagar 8th Sector 39th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 8th Sector 39th 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 8th Sector 39th Street

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K.K.Nagar 8th Sector 39th Street guideline value

The current guideline value for K.K.Nagar 8th Sector 39th 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 8th Sector 39th Street has changed

Over the years, the guideline value of K.K.Nagar 8th Sector 39th Street has seen several revisions. The 2007 revision set the value at Rs 2,650 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012. However, there was a decrease to Rs 4,355 per sq.ft in the 2017 revision. The value then rose significantly to Rs 6,500 per sq.ft in 2023, before reaching the current figure of Rs 7,150 per sq.ft in the 2024 revision. Notably, the register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. The overall increase from 2007 to 2024 is 170%, reflecting the changes in the property landscape over these 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. The median value for these streets is Rs 4,400 per sq.ft, placing K.K.Nagar 8th Sector 39th Street's 2024 figure above the median.

Stamp duty and registration fee for property in K.K.Nagar 8th Sector 39th 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, leading to a total of Rs 6,43,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 8th Sector 39th Street?

The K.K.Nagar 8th Sector 39th Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Virugambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.K.Nagar 8th Sector 39th Street?

The current guideline value of K.K.Nagar 8th Sector 39th 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, showing an overall increase of 170% over the years.

What are the other streets in Virugambakkam with the same guideline value?

Other streets in Virugambakkam with the same guideline value of Rs 7,150 per sq.ft in 2024 include K.K.Nagar 8th Sector 40th Street, K.K.Nagar 7th Sector 38th Street, K.K.Nagar 8th Sector 41st Street, K.K.Nagar 7th Sector 37th Street, K.K.Nagar 8th Sector 42nd Street, and K.K.Nagar 7th Sector 36th Street.

Where can I find the Sub Registrar Office for K.K.Nagar 8th Sector 39th Street?

The Sub Registrar Office covering K.K.Nagar 8th Sector 39th Street is the Virugambakkam SRO, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in K.K.Nagar 8th Sector 39th Street?

Stamp duty for properties in K.K.Nagar 8th Sector 39th Street is calculated based on the guideline value or the sale price, whichever is higher. The current stamp duty rate is 7% of the guideline value.