Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 63rd Street

₹7150/sq.ft.

The guideline value for K.k.nagar 10th Sector 63rd 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 63rd Street

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K.K.Nagar 10th Sector 63rd Street guideline value

The current guideline value of K.K.Nagar 10th Sector 63rd 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 10th Sector 63rd Street has changed

The guideline value for K.K.Nagar 10th Sector 63rd Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,650 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2012 revision, marking a 145% rise. However, the value decreased to Rs 4,355 per sq.ft in the 2017 revision, which was a 33% drop. The 2023 revision brought the value back up to Rs 6,500 per sq.ft, and the most recent 2024 revision set it at Rs 7,150 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for K.K.Nagar 10th Sector 63rd Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, 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 value is Rs 4,400 per sq.ft, and K.K.Nagar 10th Sector 63rd Street's 2024 figure is above this median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 63rd 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, resulting in a total of Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers K.K.Nagar 10th Sector 63rd Street?

The Sub Registrar Office that covers K.K.Nagar 10th Sector 63rd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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 is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of K.K.Nagar 10th Sector 63rd Street?

The current guideline value of K.K.Nagar 10th Sector 63rd Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How much 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, marking an overall increase of 170% over this period.

What is the land classification for K.K.Nagar 10th Sector 63rd Street?

The land classification for K.K.Nagar 10th Sector 63rd Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for this street?

The Virugambakkam Sub Registrar Office, which covers K.K.Nagar 10th Sector 63rd Street, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 71,50,000, the stamp duty at 7% would be Rs 5,00,500.