Guideline Value

Corporate

Guideline Value for K.K.Nagar 9th Sector 50th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 9th Sector 50th 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 9th Sector 50th Street

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K.K.Nagar 9th Sector 50th Street guideline value

The current guideline value for K.K.Nagar 9th Sector 50th 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, classified as Residential Special Type - I.

How the guideline value of K.K.Nagar 9th Sector 50th Street has changed

The guideline value for K.K.Nagar 9th Sector 50th 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 2012. However, this value decreased to Rs 4,355 per sq.ft in 2017. The 2023 revision brought it back up to Rs 6,500 per sq.ft, and the latest revision in 2024 has set the value 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%. The register has no figures for the years 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 50th Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in K.K.Nagar 9th Sector 50th 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 to Rs 6,43,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 9th Sector 50th Street?

The K.K.Nagar 9th Sector 50th 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 more information.

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

The guideline value plays a crucial role in the registration of property transactions in Virugambakkam. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures can influence the overall transaction costs. The guideline value is updated periodically, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of K.K.Nagar 9th Sector 50th Street?

The current guideline value of K.K.Nagar 9th Sector 50th 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, increasing from Rs 2,650 per sq.ft in 2007 to Rs 7,150 per sq.ft in 2024, which is an overall increase of 170%.

What is the land classification for K.K.Nagar 9th Sector 50th Street?

K.K.Nagar 9th Sector 50th Street is classified as Residential Special Type - I.

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

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Which office handles registrations for K.K.Nagar 9th Sector 50th Street?

The Virugambakkam Sub Registrar Office handles registrations for K.K.Nagar 9th Sector 50th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.