Guideline Value

Corporate

Guideline Value for K.K.Nagar 12th Sector 77th Street

₹7150/sq.ft.

The guideline value for K.k.nagar 12th Sector 77th 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 77th Street

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K.K.Nagar 12th Sector 77th Street guideline value

The current guideline value of K.K.Nagar 12th Sector 77th Street is Rs 7,150 per sq.ft, effective from 1 July 2024. This street is located in Virugambakkam village, under the jurisdiction of the Virugambakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of K.K.Nagar 12th Sector 77th Street has changed

The guideline value for K.K.Nagar 12th Sector 77th Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 2,650 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in the 2012 revision. However, there was a decrease in the value to Rs 4,355 per sq.ft in the 2017 revision. The value then rose sharply to Rs 6,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 7,150 per sq.ft in the 2024 revision.

Overall, the guideline value has increased by 170% from the 2007 revision to the 2024 revision. The changes between revisions include a 145% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Virugambakkam

In Virugambakkam village, 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 value is Rs 4,400 per sq.ft, making the 2024 guideline value of K.K.Nagar 12th Sector 77th Street above this median.

Stamp duty and registration fee for property in K.K.Nagar 12th Sector 77th Street

For a 1,000 sq.ft plot at the current rate of Rs 7,150 per sq.ft, the 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, totaling Rs 6,43,500. Duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers K.K.Nagar 12th Sector 77th Street?

The K.K.Nagar 12th Sector 77th Street falls under 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 an essential factor in property transactions in Virugambakkam. It serves as a benchmark for determining the stamp duty and registration fees when buying or selling property in the area.

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

Frequently asked questions

What is the current guideline value of K.K.Nagar 12th Sector 77th Street?

The current guideline value of K.K.Nagar 12th Sector 77th 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%.

What is the land classification for K.K.Nagar 12th Sector 77th Street?

K.K.Nagar 12th Sector 77th Street is classified as Residential Special Type - I.

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is 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 77th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Registration fees are charged at 2% of the guideline value.