Guideline Value

Corporate

Guideline Value for K.K.Nagar 11th Sector 70th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 11th Sector 70th 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 70th Street

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K.K.Nagar 11th Sector 70th Street guideline value

The current guideline value of K.K.Nagar 11th Sector 70th 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 70th Street has changed

The guideline value for K.K.Nagar 11th Sector 70th Street has undergone several revisions over the years. In 2007, the guideline value was set at Rs 2,650 per sq.ft. This figure saw a significant increase in 2012, where it rose to Rs 6,500 per sq.ft, marking a 145% change. However, in 2017, the value decreased to Rs 4,355 per sq.ft, which represented a 33% drop. The value then increased to Rs 6,500 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 7,150 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 170%. 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, with a median value of Rs 4,400 per sq.ft. K.K.Nagar 11th Sector 70th Street's 2024 figure is above this median.

Stamp duty and registration fee for property in K.K.Nagar 11th Sector 70th 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 the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 11th Sector 70th Street?

The K.K.Nagar 11th Sector 70th 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 details.

How the guideline value is used when you buy or sell in Virugambakkam

The guideline value is a crucial factor during property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value influences the calculation of stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that the state receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of K.K.Nagar 11th Sector 70th Street?

The current guideline value of K.K.Nagar 11th Sector 70th 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 significantly, increasing from Rs 2,650 per sq.ft in 2007 to Rs 7,150 per sq.ft in 2024, which is an overall increase of 170%.

What is the land classification of K.K.Nagar 11th Sector 70th Street?

K.K.Nagar 11th Sector 70th Street is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty rates applicable?

The stamp duty for properties in K.K.Nagar 11th Sector 70th Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, which covers K.K.Nagar 11th Sector 70th Street.