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Guideline Value

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Guideline Value for K.K.Nagar 8th Sector 43rd Street

₹7150/sq.ft.

The guideline value for K.k.nagar 8th Sector 43rd 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 43rd Street

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K.K.Nagar 8th Sector 43rd Street guideline value

The current guideline value of K.K.Nagar 8th Sector 43rd Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village and falls 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 43rd Street has changed

The guideline value for K.K.Nagar 8th Sector 43rd Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,650 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in the 2012 revision. However, the value decreased to Rs 4,355 per sq.ft in 2017. Following this, the 2023 revision raised the value to Rs 6,500 per sq.ft, and the most recent 2024 revision has set it at Rs 7,150 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 170%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a guideline value for 2024, 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, which means K.K.Nagar 8th Sector 43rd Street's 2024 figure is above that median.

Stamp duty and registration fee for property in K.K.Nagar 8th Sector 43rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty is charged at 7%, which totals Rs 5,00,500, and the registration fee is charged at 2%, amounting to Rs 1,43,000. Together, the total cost for stamp duty and registration fee would be Rs 6,43,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 8th Sector 43rd Street?

The K.K.Nagar 8th Sector 43rd Street falls under 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 plays a crucial role during the registration of property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, which is essential for compliance with legal requirements.

Frequently asked questions

What is the current guideline value of K.K.Nagar 8th Sector 43rd Street?

The current guideline value of K.K.Nagar 8th Sector 43rd 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 is the median guideline value in Virugambakkam?

The median guideline value for streets in Virugambakkam is Rs 4,400 per sq.ft, with K.K.Nagar 8th Sector 43rd Street's value being above this median.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 6,43,500 in fees.

Which office handles registrations for K.K.Nagar 8th Sector 43rd Street?

The Virugambakkam Sub Registrar Office handles registrations for K.K.Nagar 8th Sector 43rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.