Guideline Value

Corporate

Guideline Value for K.K.Nagar 12th Sector 74th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 12th Sector 74th 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 74th Street

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K.K.Nagar 12th Sector 74th Street guideline value

The current guideline value of K.K.Nagar 12th Sector 74th 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, classified as Residential Special Type - I.

How the guideline value of K.K.Nagar 12th Sector 74th Street has changed

The guideline value for K.K.Nagar 12th Sector 74th 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 rise of 145%. However, from 2012 to 2017, the value decreased to Rs 4,355 per sq.ft, a drop of 33%. The 2017 revision brought the value back up to Rs 6,500 per sq.ft in 2023, reflecting a 49% increase. The most recent 2024 revision has set the guideline value at Rs 7,150 per sq.ft, which is a 10% increase from the previous year.

It is important to note that 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 with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, making the current value of K.K.Nagar 12th Sector 74th Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 12th Sector 74th 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, while the registration fee at 2% would be Rs 1,43,000, bringing the total to Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 12th Sector 74th Street?

The Sub Registrar Office that covers K.K.Nagar 12th Sector 74th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when buying or selling property in Virugambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers must be aware that the guideline value can influence the overall cost of the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is taken to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of K.K.Nagar 12th Sector 74th Street?

The current guideline value of K.K.Nagar 12th Sector 74th 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%. The value saw fluctuations, including a decrease from 2012 to 2017.

What is the median guideline value in Virugambakkam?

The median guideline value in Virugambakkam is Rs 4,400 per sq.ft, with K.K.Nagar 12th Sector 74th Street's current value being above this median.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in K.K.Nagar 12th Sector 74th Street is 7%. This is applied to the higher of the guideline value or the sale price during registration.

Where can I find the Sub Registrar Office for K.K.Nagar 12th Sector 74th Street?

The Sub Registrar Office for K.K.Nagar 12th Sector 74th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.