Guideline Value

Corporate

Guideline Value for K.K.Nagar 12th Sector 73rd Street

₹7150/sq.ft.

The guideline value for K.k.nagar 12th Sector 73rd 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 12th Sector 73rd Street

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K.K.Nagar 12th Sector 73rd Street guideline value

The current guideline value for K.K.Nagar 12th Sector 73rd 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 12th Sector 73rd Street has changed

The guideline value for K.K.Nagar 12th Sector 73rd Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 2,650 per sq.ft. This value increased significantly to Rs 6,500 per sq.ft in 2012, but then dropped to Rs 4,355 per sq.ft in 2017. Following this, the value rose again to Rs 6,500 per sq.ft in 2023, and most recently, it increased to Rs 7,150 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The 2023 to 2024 revision saw a 10% increase. The overall change from 2007 to 2024 reflects a substantial rise of 170%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, 391 streets are recorded under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing K.K.Nagar 12th Sector 73rd Street's 2024 figure above this median.

Stamp duty and registration fee for property in K.K.Nagar 12th Sector 73rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total 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, bringing the total charges 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.

You can also use our stamp duty and registration fee calculator for a more personalized estimate.

Which Sub Registrar Office covers K.K.Nagar 12th Sector 73rd Street?

The K.K.Nagar 12th Sector 73rd Street is covered by the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit this link.

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

The guideline value serves as a benchmark for property transactions in Virugambakkam. When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

This process helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved in the registration process.

Frequently asked questions

What is the current guideline value for K.K.Nagar 12th Sector 73rd Street?

The current guideline value for K.K.Nagar 12th Sector 73rd 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Which office handles property registrations for K.K.Nagar 12th Sector 73rd Street?

The Virugambakkam Sub Registrar Office handles property registrations for K.K.Nagar 12th Sector 73rd Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for K.K.Nagar 12th Sector 73rd Street?

The land classification for K.K.Nagar 12th Sector 73rd Street is Residential Special Type - I.