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Guideline Value

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Guideline Value for KAMATCHI NAGAR - Kamatchi Nagar Main Road

₹3850/sq.ft.

The guideline value for Kamatchi Nagar - Kamatchi Nagar Main Road 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 ₹270 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹248 /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 - Kamatchi Nagar Main Road

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KAMATCHI NAGAR - Kamatchi Nagar Main Road guideline value

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

How the guideline value of KAMATCHI NAGAR - Kamatchi Nagar Main Road has changed

The guideline value has undergone several revisions over the years. Starting from Rs 248 per sq.ft in 2002, it increased to Rs 270 per sq.ft in 2003, marking a 9% rise. In 2007, the value saw a significant jump to Rs 650 per sq.ft, reflecting a 141% increase. By 2012, the value reached Rs 3,500 per sq.ft, which was a 438% increase from the previous revision. However, it dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%.

The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, representing a 64% increase from the 2017 figure. Overall, from the initial value in 2002 to the current value in 2024, there has been a remarkable increase of 1452%.

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 of KAMATCHI NAGAR - Kamatchi Nagar Main Road.

Stamp duty and registration fee for property in KAMATCHI NAGAR - Kamatchi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. 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 detailed calculations.

Which Sub Registrar Office covers KAMATCHI NAGAR - Kamatchi Nagar Main Road?

The KAMATCHI NAGAR - Kamatchi Nagar Main Road 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 Valasaravakkam

The guideline value is an essential reference for determining the minimum value at which properties must be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees based on the higher of the guideline value or the sale price.

It is important to be aware of the guideline value in your area, as it directly impacts the costs associated with property transactions. Buyers and sellers should ensure they are informed about the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for KAMATCHI NAGAR - Kamatchi Nagar Main Road?

The current guideline value for KAMATCHI NAGAR - Kamatchi Nagar Main Road 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 248 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 1452%.

What is the land classification for KAMATCHI NAGAR - Kamatchi Nagar Main Road?

The land classification for KAMATCHI NAGAR - Kamatchi Nagar Main Road is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Virugambakkam Sub Registrar Office, which covers KAMATCHI NAGAR - Kamatchi Nagar Main Road, is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

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