Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 54th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 10th Sector 54th 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 10th Sector 54th Street

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K.K.Nagar 10th Sector 54th Street guideline value

The current guideline value for K.K.Nagar 10th Sector 54th Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village and falls under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of K.K.Nagar 10th Sector 54th Street has changed

The guideline value for K.K.Nagar 10th Sector 54th Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,650 per sq.ft. This figure increased significantly to Rs 6,500 per sq.ft in the 2012 revision, marking a 145% increase. However, the value dropped to Rs 4,355 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 6,500 per sq.ft, followed by a further increase to Rs 7,150 per sq.ft in the 2024 revision, which is a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 170%. 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 have 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. The guideline value for K.K.Nagar 10th Sector 54th Street is above this median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 54th 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, while the registration fee at 2% would be Rs 1,43,000, bringing the total 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 use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers K.K.Nagar 10th Sector 54th Street?

The K.K.Nagar 10th Sector 54th Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the market expectations for the property. It is essential for buyers to be aware of the guideline value to avoid overpaying for a property.

Frequently asked questions

What is the current guideline value for K.K.Nagar 10th Sector 54th Street?

The current guideline value for K.K.Nagar 10th Sector 54th 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 the years.

What are the guideline values for other streets in Virugambakkam?

Other streets in Virugambakkam have varying guideline values, with the 2024 rates for K.K.Nagar 10th Sector 55th to 60th Streets all set at Rs 7,150 per sq.ft.

What fees are associated with property registration in K.K.Nagar 10th Sector 54th Street?

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.

Where can I find the Sub Registrar Office for K.K.Nagar 10th Sector 54th Street?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.