Guideline Value

Corporate

Guideline Value for K.K.Nagar 10th Sector 65th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 10th Sector 65th 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 65th Street

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K.K.Nagar 10th Sector 65th Street guideline value

The current guideline value for K.K.Nagar 10th Sector 65th 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 65th Street has changed

The guideline value for K.K.Nagar 10th Sector 65th 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, there was a decrease to Rs 4,355 per sq.ft in the 2017 revision. In 2023, the value rose significantly to Rs 6,500 per sq.ft, and the latest revision in 2024 has set the value at Rs 7,150 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 170%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

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 for these streets is Rs 4,400 per sq.ft, placing K.K.Nagar 10th Sector 65th Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 10th Sector 65th 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, bringing the total cost for these fees to Rs 6,43,500. It is important to note that 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 details.

Which Sub Registrar Office covers K.K.Nagar 10th Sector 65th Street?

The K.K.Nagar 10th Sector 65th 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 an essential factor during the registration of property transactions in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers need to pay when purchasing property.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.K.Nagar 10th Sector 65th Street?

The current guideline value for K.K.Nagar 10th Sector 65th 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, marking a total increase of 170% over the years.

What is the land classification for K.K.Nagar 10th Sector 65th Street?

The land classification for K.K.Nagar 10th Sector 65th Street is Residential Special Type - I.

What are the stamp duty and registration fees for this area?

For a 1,000 sq.ft plot, the total guideline value would be Rs 71,50,000, with stamp duty at Rs 5,00,500 and registration fees at Rs 1,43,000, totaling Rs 6,43,500.

Which office handles registrations for K.K.Nagar 10th Sector 65th Street?

The Virugambakkam Sub Registrar Office handles registrations for K.K.Nagar 10th Sector 65th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.