Guideline Value

Corporate

Guideline Value for KAMATCHI NAGAR - Balaji Street

₹3850/sq.ft.

The guideline value for Kamatchi Nagar - Balaji Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹299 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹275 /sq.ft.
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 Kamatchi Nagar - Balaji Street

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KAMATCHI NAGAR - Balaji Street guideline value

The current guideline value for KAMATCHI NAGAR - Balaji Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of KAMATCHI NAGAR - Balaji Street has changed

The guideline value for KAMATCHI NAGAR - Balaji Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 275 per sq.ft. This increased to Rs 299 per sq.ft in 2003, marking a 9% rise. The value saw a significant jump to Rs 650 per sq.ft in 2007, which represented a 117% increase. The 2012 revision set the guideline value at Rs 3,500 per sq.ft, reflecting a remarkable 438% increase from the previous year. However, from 2012 to 2017, the value dropped to Rs 2,345 per sq.ft, indicating a decrease of 33%. The latest revision in 2024 brought the guideline value back up to Rs 3,850 per sq.ft, a 64% increase from 2017.

It is important to note that the register has no figure for this street in 2023. Overall, from 2002 to 2024, the guideline value has increased by 1300%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which is equal to the guideline value for KAMATCHI NAGAR - Balaji Street.

Stamp duty and registration fee for property in KAMATCHI NAGAR - Balaji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty, charged at 7%, would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, the total cost for these fees would be Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KAMATCHI NAGAR - Balaji Street?

The Sub Registrar Office that covers KAMATCHI NAGAR - Balaji Street is 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 Valasaravakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of KAMATCHI NAGAR - Balaji Street?

The current guideline value of KAMATCHI NAGAR - Balaji Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 275 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 1300% over the years.

What is the land classification for KAMATCHI NAGAR - Balaji Street?

The land classification for KAMATCHI NAGAR - Balaji Street is Residential Class II Type - I.

Where is the Sub Registrar Office located?

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 KAMATCHI NAGAR - Balaji Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.