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Guideline Value

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Guideline Value for KAMATCHI NAGAR - Thirupugazh Street

₹3850/sq.ft.

The guideline value for Kamatchi Nagar - Thirupugazh 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 ₹467 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹429 /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 - Thirupugazh Street

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KAMATCHI NAGAR - Thirupugazh Street guideline value

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

The guideline value for KAMATCHI NAGAR - Thirupugazh Street has seen several revisions over the years. Starting from Rs 429 per sq.ft in 2002, it increased to Rs 467 per sq.ft in 2003, marking a 9% rise. By 2007, the value jumped significantly to Rs 650 per sq.ft, reflecting a 39% increase. The 2012 revision saw the value rise to Rs 3,500 per sq.ft, which was a substantial increase of 438% from the previous figure. However, it then dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%.

In 2023, the guideline value increased to Rs 3,500 per sq.ft, and the most recent revision in 2024 set it at Rs 3,850 per sq.ft, which is a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 797%.

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 is Rs 3,850 per sq.ft, which is equal to the current figure for KAMATCHI NAGAR - Thirupugazh Street.

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

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 cost together to Rs 3,46,500. Duty is charged on the higher of the guideline value or the sale price.

For more calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers KAMATCHI NAGAR - Thirupugazh Street?

The Sub Registrar Office that covers KAMATCHI NAGAR - Thirupugazh 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 is an essential factor during the registration of property transactions in Valasaravakkam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable duties and fees. This value is crucial for both buyers and sellers to understand their financial obligations during a property transaction.

Frequently asked questions

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

The current guideline value for KAMATCHI NAGAR - Thirupugazh 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 429 per sq.ft in 2002 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 797%.

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

KAMATCHI NAGAR - Thirupugazh Street is classified as Residential Class II Type - I.

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

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

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 2,69,500 based on the current guideline value.