Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 56th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 10th Sector 56th 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 56th Street

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K.K.Nagar 10th Sector 56th Street guideline value

The current guideline value for K.K.Nagar 10th Sector 56th 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 10th Sector 56th Street has changed

The guideline value for K.K.Nagar 10th Sector 56th Street has undergone several revisions over the years. The 2007 revision set the value at Rs 2,650 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012. However, this figure decreased to Rs 4,355 per sq.ft in the 2017 revision. The 2023 revision saw a significant increase to Rs 6,500 per sq.ft, followed by the current value of Rs 7,150 per sq.ft in 2024, marking a 10% increase from the previous year.

In summary, from 2007 to 2024, the guideline value has increased by 170%. The revisions for 2002 and 2003 do not have figures available for this street in the register.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, making K.K.Nagar 10th Sector 56th Street's 2024 figure above that median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 56th 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 at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, making the total cost for these fees Rs 6,43,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 10th Sector 56th Street?

The K.K.Nagar 10th Sector 56th Street is covered by the Virugambakkam Sub Registrar Office located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Virugambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation set by the Registration Department.

When a property is registered, the guideline value is used to determine the applicable fees, which are charged on either the guideline value or the sale price, whichever is higher. This ensures that the registration process reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of K.K.Nagar 10th Sector 56th Street?

The current guideline value of K.K.Nagar 10th Sector 56th 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 significantly 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 a property 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 for these fees.

Which office handles registrations for K.K.Nagar 10th Sector 56th Street?

The Virugambakkam Sub Registrar Office handles registrations for K.K.Nagar 10th Sector 56th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification of K.K.Nagar 10th Sector 56th Street?

K.K.Nagar 10th Sector 56th Street is classified as Residential Special Type - I.