Guideline Value

Corporate

Guideline Value for K.K.Nagar 12th Sector 76th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 12th Sector 76th 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 76th Street

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K.K.Nagar 12th Sector 76th Street guideline value

The current guideline value of K.K.Nagar 12th Sector 76th 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 76th Street has changed

The guideline value for K.K.Nagar 12th Sector 76th Street has seen several revisions over the years. The 2007 revision recorded a value of Rs 2,650 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in the 2012 revision. However, the value then decreased to Rs 4,355 per sq.ft in 2017. The 2023 revision marked a substantial increase to Rs 6,500 per sq.ft, followed by the current value of Rs 7,150 per sq.ft in 2024, reflecting a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 170%. The revisions for the years 2002 and 2003 do not have figures listed for this street in the register.

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. The guideline value for K.K.Nagar 12th Sector 76th Street is above this median.

Stamp duty and registration fee for property in K.K.Nagar 12th Sector 76th 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 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 76th Street?

The K.K.Nagar 12th Sector 76th Street falls under the jurisdiction of 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 plays a crucial role in the registration process when buying or selling property in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is considered to assess the applicable duties. This ensures that the transaction reflects the official valuation set by the Registration Department, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of K.K.Nagar 12th Sector 76th Street?

The current guideline value of K.K.Nagar 12th Sector 76th 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, marking an overall increase of 170% over the years.

What is the land classification for K.K.Nagar 12th Sector 76th Street?

The land classification for K.K.Nagar 12th Sector 76th Street is Residential Special Type - I.

Where can I find the registration office for K.K.Nagar 12th Sector 76th Street?

The registration office for K.K.Nagar 12th Sector 76th Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in K.K.Nagar 12th Sector 76th Street?

The stamp duty for properties in K.K.Nagar 12th Sector 76th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.