Guideline Value

Corporate

Guideline Value for K.K.Nagar 11th Sector 72nd Street

₹7150/sq.ft.

The guideline value for K.k.nagar 11th Sector 72nd 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 72nd Street

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K.K.Nagar 11th Sector 72nd Street guideline value

The current guideline value of K.K.Nagar 11th Sector 72nd 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 72nd Street has changed

The guideline value for K.K.Nagar 11th Sector 72nd Street has seen significant changes over the years. In 2007, the value was Rs 2,650 per sq.ft, which increased to Rs 6,500 per sq.ft in 2012, marking a 145% rise. However, it then decreased to Rs 4,355 per sq.ft in 2017, a decline of 33%. The value rebounded to Rs 6,500 per sq.ft in 2023, and the most recent revision in 2024 set the value 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 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 have 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. The guideline value of K.K.Nagar 11th Sector 72nd Street is above this median.

Stamp duty and registration fee for property in K.K.Nagar 11th Sector 72nd 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, making the total cost for these fees Rs 6,43,500. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers K.K.Nagar 11th Sector 72nd Street?

The Sub Registrar Office that covers K.K.Nagar 11th Sector 72nd 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 in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the appropriate stamp duty and registration fees applicable to the property transaction.

When a property is registered, the guideline value is compared with the sale price; the higher of the two is used to calculate the stamp duty. This ensures that the fees reflect the actual value of the property being transacted.

Frequently asked questions

What is the current guideline value of K.K.Nagar 11th Sector 72nd Street?

The current guideline value of K.K.Nagar 11th Sector 72nd 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 72nd Street?

K.K.Nagar 11th Sector 72nd Street is classified as Residential Special Type - I.

Where is the Virugambakkam Sub Registrar Office located?

The Virugambakkam Sub Registrar Office is 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 72nd Street?

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