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Guideline Value

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Guideline Value for Kamakodi Nagar Main Road - Deivasigamani Road

₹4400/sq.ft.

The guideline value for Kamakodi Nagar Main Road - Deivasigamani Road in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Kamakodi Nagar Main Road - Deivasigamani Road

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Kamakodi Nagar Main Road - Deivasigamani Road guideline value

The current guideline value of Kamakodi Nagar Main Road - Deivasigamani Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Kamakodi Nagar Main Road - Deivasigamani Road has changed

The guideline value for this street has undergone several revisions. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a remarkable increase of 515%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The most recent revision in 2024 shows the guideline value at Rs 4,400 per sq.ft, indicating a substantial increase of 64% from the 2017 figure.

It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 577%.

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 value for these streets is Rs 3,850 per sq.ft, and the guideline value for Kamakodi Nagar Main Road - Deivasigamani Road is above this median.

Stamp duty and registration fee for property in Kamakodi Nagar Main Road - Deivasigamani Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that 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 details.

Which Sub Registrar Office covers Kamakodi Nagar Main Road - Deivasigamani Road?

The Kamakodi Nagar Main Road - Deivasigamani Road 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 crucial during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property can be registered. This transparency aids in fair transactions and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Kamakodi Nagar Main Road - Deivasigamani Road?

The current guideline value for Kamakodi Nagar Main Road - Deivasigamani Road is Rs 4,400 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 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with various revisions in between reflecting both increases and decreases.

What is the land classification for this area?

The land classification for Kamakodi Nagar Main Road - Deivasigamani Road is Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Virugambakkam Sub Registrar Office?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at the rate of 7%.