Guideline Value

Corporate

Guideline Value for K.K.Nagar 12th Sector 75th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 12th Sector 75th 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 75th Street

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K.K.Nagar 12th Sector 75th Street guideline value

The current guideline value of K.K.Nagar 12th Sector 75th Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village and falls under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of K.K.Nagar 12th Sector 75th Street has changed

The guideline value for K.K.Nagar 12th Sector 75th Street has undergone several revisions over the years. The earliest available figure is from 2007, which was Rs 2,650 per sq.ft. This figure increased significantly to Rs 6,500 per sq.ft in 2012, representing a 145% rise. However, it then decreased to Rs 4,355 per sq.ft in 2017, marking a decline of 33%. The value saw a substantial increase to Rs 6,500 per sq.ft in 2023, and then rose again to Rs 7,150 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has seen a remarkable increase of 170%. There are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a guideline value for 2024, 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 75th Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 12th Sector 75th 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, leading to a total of 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers K.K.Nagar 12th Sector 75th Street?

K.K.Nagar 12th Sector 75th 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 the registration of property transactions in Virugambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in line with the prevailing market conditions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. This ensures that all parties are aware of their financial obligations when engaging in real estate transactions.

Frequently asked questions

What is the current guideline value of K.K.Nagar 12th Sector 75th Street?

The current guideline value of K.K.Nagar 12th Sector 75th 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 significantly, with the most recent revision in 2024 showing an increase to Rs 7,150 per sq.ft from Rs 6,500 per sq.ft in 2023. The value has increased overall by 170% from Rs 2,650 per sq.ft in 2007.

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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for K.K.Nagar 12th Sector 75th Street?

The Virugambakkam Sub Registrar Office handles registrations for K.K.Nagar 12th Sector 75th Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for K.K.Nagar 12th Sector 75th Street?

The land classification for K.K.Nagar 12th Sector 75th Street is Residential Special Type - I, indicating its designation for residential development.