Guideline Value

Corporate

Guideline Value for KAMATCHI NAGAR - Vyasar Street

₹3850/sq.ft.

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

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KAMATCHI NAGAR - Vyasar Street guideline value

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

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

The guideline value for KAMATCHI NAGAR - Vyasar Street has seen several revisions over the years. In 2002, the value was Rs 248 per sq.ft, which increased to Rs 270 per sq.ft in 2003, marking a 9% increase. The value then rose significantly to Rs 650 per sq.ft in 2007, a change of 141%. By 2012, the value remained at Rs 3,500 per sq.ft, which was a decrease of 33% from the previous revision. The 2017 revision saw a substantial increase to Rs 2,345 per sq.ft, a 49% rise. The most recent revisions show a guideline value of Rs 3,500 per sq.ft in 2023, followed by an increase to Rs 3,850 per sq.ft in 2024, reflecting a 10% change.

There are no figures available for the years not listed for this street. Overall, from 2002 to 2024, the guideline value has increased by 1452%.

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 guideline value for KAMATCHI NAGAR - Vyasar Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value is 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 or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers KAMATCHI NAGAR - Vyasar Street?

The KAMATCHI NAGAR - Vyasar Street is covered by 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 a crucial factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring transparency in property dealings.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

What are the other streets in KAMATCHI NAGAR with the same guideline value?

Other streets in KAMATCHI NAGAR with a guideline value of Rs 3,850 per sq.ft include Thirupugazh Street, Thirukural Street, Shivakumar Street, Senathipathi Street, Sanathi Street, and Sambantham Street.

What are the stamp duty and registration fees for property in KAMATCHI NAGAR - Vyasar Street?

The stamp duty for a property in KAMATCHI NAGAR - Vyasar Street is 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 3,46,500.

Which office handles registrations for KAMATCHI NAGAR - Vyasar Street?

The Virugambakkam Sub Registrar Office handles registrations for KAMATCHI NAGAR - Vyasar Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.