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Guideline Value

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Guideline Value for K.K.Nagar 8th Sector 41st Street

₹7150/sq.ft.

The guideline value for K.k.nagar 8th Sector 41st 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 41st Street

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K.K.Nagar 8th Sector 41st Street guideline value

The current guideline value of K.K.Nagar 8th Sector 41st Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of K.K.Nagar 8th Sector 41st Street has changed

The guideline value for K.K.Nagar 8th Sector 41st Street has seen several revisions over the years. In 2007, the value was Rs 2,650 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012, marking a 145% rise. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 7,150 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 170%.

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 is Rs 4,400 per sq.ft, indicating that K.K.Nagar 8th Sector 41st Street's 2024 figure is above this median.

Stamp duty and registration fee for property in K.K.Nagar 8th Sector 41st Street

For a 1,000 sq.ft plot at the current guideline value, the total 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 fees together to 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 8th Sector 41st Street?

The K.K.Nagar 8th Sector 41st Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

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, as it determines the minimum value at which a property can be registered. Buyers must consider this value when negotiating the sale price, as the stamp duty and registration fees are based on the higher of the guideline value or the sale price.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of K.K.Nagar 8th Sector 41st Street?

The current guideline value of K.K.Nagar 8th Sector 41st Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, from Rs 2,650 per sq.ft in 2007 to Rs 7,150 per sq.ft in 2024, reflecting an overall increase of 170%.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 71,50,000, with stamp duty at 7% amounting to Rs 5,00,500 and registration fees at 2% totaling Rs 1,43,000.

Which Sub Registrar Office handles the registrations for K.K.Nagar 8th Sector 41st Street?

The Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, covers registrations for K.K.Nagar 8th Sector 41st Street.

Are there other streets with the same guideline value in Virugambakkam?

Yes, several other streets in Virugambakkam have the same guideline value of Rs 7,150 per sq.ft for 2024, including K.K.Nagar 8th Sector 40th, 42nd, 39th, 43rd, and 44th Streets, as well as K.K.Nagar 7th Sector 38th Street.