Guideline Value

Corporate

Guideline Value for K.K.Nagar 11th Sector 67th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 11th Sector 67th 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 11th Sector 67th Street

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K.K.Nagar 11th Sector 67th Street guideline value

The current guideline value of K.K.Nagar 11th Sector 67th 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 11th Sector 67th Street has changed

In the 2007 revision, the guideline value was Rs 2,650 per sq.ft. This increased significantly to Rs 6,500 per sq.ft in the 2012 revision, marking a 145% increase. However, in the 2017 revision, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The value then rose to Rs 6,500 per sq.ft in the 2023 revision, which was a 49% increase from the previous revision. The current 2024 revision sees the guideline value at Rs 7,150 per sq.ft, reflecting a 10% increase from 2023.

The register has no figures for the years 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 is Rs 4,400 per sq.ft, and K.K.Nagar 11th Sector 67th Street's 2024 figure is above this median.

Stamp duty and registration fee for property in K.K.Nagar 11th Sector 67th 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 11th Sector 67th Street?

K.K.Nagar 11th Sector 67th Street is covered by 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 critical factor in the registration process for property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. Buyers should be aware that these costs are based on the higher of the guideline value or the sale price, which can significantly affect the total expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of K.K.Nagar 11th Sector 67th Street?

The current guideline value of K.K.Nagar 11th Sector 67th 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 11th Sector 67th Street?

K.K.Nagar 11th Sector 67th Street is classified as Residential Special Type - I.

Where can I find the registration office for K.K.Nagar 11th Sector 67th Street?

The registration office for K.K.Nagar 11th Sector 67th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in K.K.Nagar 11th Sector 67th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 71,50,000 would incur a stamp duty of Rs 5,00,500.