Guideline Value

Corporate

Guideline Value for KAMATCHI NAGAR - Senathipathi Street

₹3850/sq.ft.

The guideline value for Kamatchi Nagar - Senathipathi Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 10% change. 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 ₹3500 /sq.ft.
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 ₹297 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹273 /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 - Senathipathi Street

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KAMATCHI NAGAR - Senathipathi Street guideline value

The current guideline value for KAMATCHI NAGAR - Senathipathi 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 - Senathipathi Street has changed

The guideline value for KAMATCHI NAGAR - Senathipathi Street has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 273 per sq.ft. This increased to Rs 297 per sq.ft in 2003, marking a 9% rise. In 2007, the value jumped significantly to Rs 650 per sq.ft, reflecting a 119% increase. The 2012 revision saw the value rise to Rs 3,500 per sq.ft, which was a substantial 438% increase from the previous figure. However, in 2017, the value decreased to Rs 2,345 per sq.ft, representing a decline of 33%. The guideline value then increased to Rs 3,500 per sq.ft in 2023, followed by the current figure of Rs 3,850 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,310%. The register has no figures for the years not mentioned in this summary.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with 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 the same as the guideline value for KAMATCHI NAGAR - Senathipathi Street.

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

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the 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, totaling 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KAMATCHI NAGAR - Senathipathi Street?

The KAMATCHI NAGAR - Senathipathi Street falls under the jurisdiction of 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 factor in the registration process when buying or selling property in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented correctly and legally.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for KAMATCHI NAGAR - Senathipathi Street?

The current guideline value for KAMATCHI NAGAR - Senathipathi 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 several times, with the most recent revision in 2024 showing an increase of 10% from Rs 3,500 per sq.ft in 2023.

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

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

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

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

How is the stamp duty calculated for property transactions?

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