Guideline Value

Corporate

Guideline Value for KAMATCHI NAGAR - Sambantham Street

₹3850/sq.ft.

The guideline value for Kamatchi Nagar - Sambantham 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 ₹436 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹401 /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 - Sambantham Street

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KAMATCHI NAGAR - Sambantham Street guideline value

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

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

The guideline value for KAMATCHI NAGAR - Sambantham Street has seen several revisions over the years. Starting from Rs 401 per sq.ft in 2002, it increased to Rs 436 in 2003, marking a 9% rise. The value then rose significantly to Rs 650 in 2007, reflecting a 49% increase. In 2012, the value reached Rs 3,500, which was a substantial 438% increase from 2007. However, this was followed by a decline to Rs 2,345 in 2017, a drop of 33%.

From 2017 to 2024, the guideline value surged by 64%, reaching the current rate of Rs 3,850 per sq.ft. Notably, there is no figure registered for the year 2023 for this street. Overall, from 2002 to 2024, the guideline value has increased by 860%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value is Rs 3,850 per sq.ft, which is equal to the current value of KAMATCHI NAGAR - Sambantham Street.

Stamp duty and registration fee for property in KAMATCHI NAGAR - Sambantham 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 cost for these fees 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 on fees applicable to your property.

Which Sub Registrar Office covers KAMATCHI NAGAR - Sambantham Street?

The KAMATCHI NAGAR - Sambantham Street falls under the jurisdiction of the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Valasaravakkam

The guideline value plays a crucial role during the registration of property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the correct amount of revenue based on the value of the property being transferred.

Frequently asked questions

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

The current guideline value of KAMATCHI NAGAR - Sambantham 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 401 in 2002 to Rs 3,850 in 2024, marking an overall increase of 860% over the years.

What are the other streets in Valasaravakkam with the same guideline value?

Other streets in Valasaravakkam with the same guideline value of Rs 3,850 per sq.ft include KAMATCHI NAGAR - Sanathi Street, KAMATCHI NAGAR - Lakshmi Street, KAMATCHI NAGAR - Senathipathi Street, KAMATCHI NAGAR - Kuberan Street, KAMATCHI NAGAR - Shivakumar Street, and KAMATCHI NAGAR - Kamatchi Nagar Main Road.

What is the registration fee for property in KAMATCHI NAGAR - Sambantham Street?

The registration fee for property in KAMATCHI NAGAR - Sambantham Street is calculated based on the guideline value. For example, for a property valued at Rs 38,50,000, the registration fee would be Rs 77,000 at a rate of 2%.

Which Sub Registrar Office covers KAMATCHI NAGAR - Sambantham Street?

The Virugambakkam Sub Registrar Office covers KAMATCHI NAGAR - Sambantham Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.