Guideline Value

Corporate

Guideline Value for KAMATCHI NAGAR - Kuberan Street

₹3850/sq.ft.

The guideline value for Kamatchi Nagar - Kuberan 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 ₹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 - Kuberan Street

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KAMATCHI NAGAR - Kuberan Street guideline value

The current guideline value of KAMATCHI NAGAR - Kuberan Street 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 - Kuberan Street has changed

The guideline value for KAMATCHI NAGAR - Kuberan Street has undergone several revisions over the years. Starting from Rs 248 per sq.ft in 2002, the value increased to Rs 270 per sq.ft in 2003, marking a 9% rise. The next significant jump occurred in 2007 when it reached Rs 650 per sq.ft, reflecting a 141% increase. In 2012, the value rose to Rs 3,500 per sq.ft, an increase of 438% from the previous revision. However, by 2017, the value dropped to Rs 2,345 per sq.ft, a decline of 33%.

The most recent revision in 2024 set the guideline value at Rs 3,850 per sq.ft, which is a 64% increase from the 2017 figure. Overall, from 2002 to 2024, the guideline value has increased by 1452%. It is important to note that there is no figure available for the year 2023 in the register for this street.

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 is Rs 3,850 per sq.ft, which is the same as the current guideline value for KAMATCHI NAGAR - Kuberan Street.

Stamp duty and registration fee for property in KAMATCHI NAGAR - Kuberan 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 at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers KAMATCHI NAGAR - Kuberan Street?

The KAMATCHI NAGAR - Kuberan 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 details.

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 transparency in property transactions.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

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

The current guideline value of KAMATCHI NAGAR - Kuberan 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 248 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, marking an overall increase of 1452% over the years.

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

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

Where can I find the registration office for KAMATCHI NAGAR - Kuberan Street?

The registration office for KAMATCHI NAGAR - Kuberan Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in KAMATCHI NAGAR - Kuberan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,69,500.