Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 62nd Street

₹7150/sq.ft.

The guideline value for K.k.nagar 10th Sector 62nd 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 62nd Street

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K.K.Nagar 10th Sector 62nd Street guideline value

The current guideline value for K.K.Nagar 10th Sector 62nd Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, 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 62nd Street has changed

The guideline value for K.K.Nagar 10th Sector 62nd Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 2,650 per sq.ft. This figure increased significantly to Rs 6,500 per sq.ft in 2012, marking a rise of 145%. However, the value decreased by 33% to Rs 4,355 per sq.ft in 2017. Following this, the guideline value saw a substantial increase of 49%, bringing it to Rs 6,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 7,150 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 170%.

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. The median guideline value for these streets is Rs 4,400 per sq.ft, positioning K.K.Nagar 10th Sector 62nd Street's 2024 figure above this median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 62nd 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, bringing the total cost for these fees 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.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 10th Sector 62nd Street?

The K.K.Nagar 10th Sector 62nd Street falls under the jurisdiction of 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 in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value for K.K.Nagar 10th Sector 62nd Street?

The current guideline value for K.K.Nagar 10th Sector 62nd 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, representing an overall increase of 170% over the years.

What are the stamp duty and registration fees for property in K.K.Nagar 10th Sector 62nd 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.

Which Sub Registrar Office covers K.K.Nagar 10th Sector 62nd Street?

The Virugambakkam Sub Registrar Office covers K.K.Nagar 10th Sector 62nd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for K.K.Nagar 10th Sector 62nd Street?

The land classification for K.K.Nagar 10th Sector 62nd Street is Residential Special Type - I.