Guideline Value

Corporate

Guideline Value for K.K.Nagar 11th Sector 68th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 11th Sector 68th 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 68th Street

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K.K.Nagar 11th Sector 68th Street guideline value

The current guideline value of K.K.Nagar 11th Sector 68th 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 11th Sector 68th Street has changed

The guideline value for K.K.Nagar 11th Sector 68th Street has seen several revisions over the years. The 2007 revision set the value at Rs 2,650 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012, marking a 145% rise. However, the value dropped to Rs 4,355 per sq.ft in the 2017 revision, reflecting a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 6,500 per sq.ft, and the most recent revision in 2024 increased it further to Rs 7,150 per sq.ft, a change of 10% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 170%. It is important to note that the register does not have 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, indicating that K.K.Nagar 11th Sector 68th Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in K.K.Nagar 11th Sector 68th 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 to Rs 6,43,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 11th Sector 68th Street?

The K.K.Nagar 11th Sector 68th 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 plays a crucial role during property registration in Virugambakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The higher of the guideline value or the sale price will be considered for calculating these fees.

Understanding the guideline value is essential for buyers and sellers, as it ensures compliance with legal requirements during the registration process. It also helps in assessing the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of K.K.Nagar 11th Sector 68th Street?

The current guideline value of K.K.Nagar 11th Sector 68th 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, showing an overall increase of 170% over the years.

What is the land classification for K.K.Nagar 11th Sector 68th Street?

The land classification for K.K.Nagar 11th Sector 68th Street is Residential Special Type - I.

Where can I find the registration office for K.K.Nagar 11th Sector 68th Street?

The registration office for K.K.Nagar 11th Sector 68th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in K.K.Nagar 11th Sector 68th Street?

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