Guideline Value for K.K.Nagar 10th Sector 61st Street

K.K.Nagar 10th Sector 61st Street guideline value

The current guideline value of K.K.Nagar 10th Sector 61st 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 61st Street has changed

The guideline value for K.K.Nagar 10th Sector 61st 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% rise. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The value then increased to Rs 6,500 per sq.ft in 2023, followed by a further increase to Rs 7,150 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 170%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets that carry 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, placing K.K.Nagar 10th Sector 61st Street above this median.

• K.K.Nagar 10th Sector 60th Street: Rs 7,150 per sq.ft (2024)
• K.K.Nagar 10th Sector 62nd Street: Rs 7,150 per sq.ft (2024)
• K.K.Nagar 10th Sector 59th Street: Rs 7,150 per sq.ft (2024)
• K.K.Nagar 10th Sector 63rd Street: Rs 7,150 per sq.ft (2024)
• K.K.Nagar 10th Sector 58th Street: Rs 7,150 per sq.ft (2024)
• K.K.Nagar 10th Sector 64th Street: Rs 7,150 per sq.ft (2024)

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 61st Street

For a 1,000 sq.ft plot at the current rate of Rs 7,150 per sq.ft, the 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, totaling Rs 6,43,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 10th Sector 61st Street?

The K.K.Nagar 10th Sector 61st 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 determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value, as it serves as a reference point for the transaction. This helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of K.K.Nagar 10th Sector 61st Street?

The current guideline value of K.K.Nagar 10th Sector 61st 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 is the land classification for K.K.Nagar 10th Sector 61st Street?

K.K.Nagar 10th Sector 61st Street is classified as Residential Special Type - I.

What are the stamp duty and registration fees for property transactions?

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

Where can I find the Sub Registrar Office for K.K.Nagar 10th Sector 61st Street?

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