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Guideline Value

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Guideline Value for Kamakodi Nagar - Manickavasagar Street

₹4400/sq.ft.

The guideline value for Kamakodi Nagar - Manickavasagar Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. 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 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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 - Manickavasagar Street

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Kamakodi Nagar - Manickavasagar Street guideline value

The current guideline value of Kamakodi Nagar - Manickavasagar Street is Rs 4,400 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 I Type - II.

How the guideline value of Kamakodi Nagar - Manickavasagar Street has changed

The guideline value for Kamakodi Nagar - Manickavasagar Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 650 per sq.ft. This figure saw a significant increase to Rs 4,000 per sq.ft in 2012, marking a change of +515%. The value remained unchanged at Rs 4,000 per sq.ft until the next revision in 2023, when it was raised to Rs 4,400 per sq.ft. The latest revision in 2024 reflects a further increase of +10% from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 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 guideline value in this area is Rs 3,850 per sq.ft, placing Kamakodi Nagar - Manickavasagar Street's 2024 figure above this median.

Stamp duty and registration fee for property in Kamakodi Nagar - Manickavasagar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kamakodi Nagar - Manickavasagar Street?

The Sub Registrar Office that covers Kamakodi Nagar - Manickavasagar 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 plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the duty is calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers to ensure compliance with local regulations during property transactions. It helps in determining the financial obligations associated with the purchase or sale of a property in the area.

Frequently asked questions

What is the current guideline value of Kamakodi Nagar - Manickavasagar Street?

The current guideline value of Kamakodi Nagar - Manickavasagar Street 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 from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +577% over the years.

What is the median guideline value in Valasaravakkam?

The median guideline value in Valasaravakkam is Rs 3,850 per sq.ft, with Kamakodi Nagar - Manickavasagar Street's 2024 figure being above this median.

What are the stamp duty and registration fees for property in Kamakodi Nagar - Manickavasagar Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for Kamakodi Nagar - Manickavasagar Street?

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