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Guideline Value

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Guideline Value for K.K.Nagar 9th Sector 52nd Street

₹7150/sq.ft.

The guideline value for K.k.nagar 9th Sector 52nd 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 52nd Street

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K.K.Nagar 9th Sector 52nd Street guideline value

The current guideline value of K.K.Nagar 9th Sector 52nd 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 9th Sector 52nd Street has changed

The guideline value for K.K.Nagar 9th Sector 52nd 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 rise of 145%. However, between 2012 and 2017, the value decreased to Rs 4,355 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 6,500 per sq.ft in 2023, and finally, it reached Rs 7,150 per sq.ft in the 2024 revision, showing an increase of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 170%. The revisions for the years 2002 and 2003 do not have any figures recorded 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 for these streets is Rs 4,400 per sq.ft, placing K.K.Nagar 9th Sector 52nd Street above this median value.

Stamp duty and registration fee for property in K.K.Nagar 9th Sector 52nd 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 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.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers K.K.Nagar 9th Sector 52nd Street?

The K.K.Nagar 9th Sector 52nd Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your specific SRO, you can visit 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 minimum value at which a property can be registered. The registration fees and stamp duty are calculated based on this guideline value, ensuring that the transaction is documented at a fair price.

When a property is sold, the guideline value helps in assessing the legal and financial implications of the sale. Buyers and sellers must be aware of these values to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of K.K.Nagar 9th Sector 52nd Street?

The current guideline value of K.K.Nagar 9th Sector 52nd 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, reflecting an overall increase of 170% over this period.

What was the guideline value in 2023?

The guideline value for K.K.Nagar 9th Sector 52nd Street in 2023 was Rs 6,500 per sq.ft.

Which Sub Registrar Office handles K.K.Nagar 9th Sector 52nd Street?

The Virugambakkam Sub Registrar Office handles K.K.Nagar 9th Sector 52nd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value in Virugambakkam?

The median guideline value for streets in Virugambakkam is Rs 4,400 per sq.ft, which is below the current guideline value of K.K.Nagar 9th Sector 52nd Street.