Guideline Value for K.K.Nagar 9th Sector 48th Street

K.K.Nagar 9th Sector 48th Street guideline value

The current guideline value of K.K.Nagar 9th Sector 48th 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 9th Sector 48th Street has changed

The guideline value for K.K.Nagar 9th Sector 48th Street has undergone 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% increase. However, from 2012 to 2017, there was a decrease to Rs 4,355 per sq.ft, a drop of 33%. The value then rose to Rs 6,500 per sq.ft in 2023, before reaching the current value of Rs 7,150 per sq.ft in 2024, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 170%. It is important to note that 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 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 9th Sector 48th Street's 2024 guideline value is above this median.

• K.K.Nagar 9th Sector 47th Street: Rs 7,150 per sq.ft (2024)
• K.K.Nagar 9th Sector 49th Street: Rs 7,150 per sq.ft (2024)
• K.K.Nagar 9th Sector 46th Street: Rs 7,150 per sq.ft (2024)
• K.K.Nagar 9th Sector 50th Street: Rs 7,150 per sq.ft (2024)
• K.K.Nagar 9th Sector 51st Street: Rs 7,150 per sq.ft (2024)
• K.K.Nagar 8th Sector 45th Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in K.K.Nagar 9th Sector 48th 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, bringing the total cost for these fees to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 9th Sector 48th Street?

The K.K.Nagar 9th Sector 48th 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 an important factor in property transactions, as it determines the minimum value at which property can be registered. When buying or selling property in Virugambakkam, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal ownership transfer.

Frequently asked questions

What is the current guideline value of K.K.Nagar 9th Sector 48th Street?

The current guideline value of K.K.Nagar 9th Sector 48th 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 seen several revisions, increasing from Rs 2,650 per sq.ft in 2007 to Rs 7,150 per sq.ft in 2024, marking an overall increase of 170% over the years.

What are the stamp duty and registration fees for this street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Which Sub Registrar Office covers K.K.Nagar 9th Sector 48th Street?

The Virugambakkam Sub Registrar Office covers K.K.Nagar 9th Sector 48th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for K.K.Nagar 9th Sector 48th Street?

K.K.Nagar 9th Sector 48th Street is classified as Residential Special Type - I.