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Guideline Value

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Guideline Value for Kamakodi Nagar - Sammandar Street

₹4400/sq.ft.

The guideline value for Kamakodi Nagar - Sammandar 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 - Sammandar Street

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Kamakodi Nagar - Sammandar Street guideline value

The current guideline value for Kamakodi Nagar - Sammandar 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. It is classified as Residential Class I Type - II.

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

The guideline value for Kamakodi Nagar - Sammandar Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 650 per sq.ft. This value saw a significant increase to Rs 4,000 per sq.ft in both the 2012 and 2023 revisions. The latest revision in 2024 has raised the value further to Rs 4,400 per sq.ft, marking a 10% increase from the previous year's value.

Notably, the transition from 2007 to 2012 represented a dramatic rise of 515%, while the overall increase from 2007 to 2024 is 577%. The register does not have figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value for Kamakodi Nagar - Sammandar Street is above this median.

Stamp duty and registration fee for property in Kamakodi Nagar - Sammandar 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, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kamakodi Nagar - Sammandar Street?

The Sub Registrar Office that covers Kamakodi Nagar - Sammandar 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 details.

How the guideline value is used when you buy or sell in Valasaravakkam

The guideline value plays a crucial role in the registration process of property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

During registration, the guideline value is compared to the sale price, and the higher of the two is considered for calculating the necessary fees. This ensures that the transaction reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value for Kamakodi Nagar - Sammandar Street?

The current guideline value for Kamakodi Nagar - Sammandar 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 significantly, from Rs 650 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 577% over the years.

What is the land classification for this street?

Kamakodi Nagar - Sammandar Street is classified as Residential Class I Type - II.

Where can I find the registration office for this area?

The registration office for Kamakodi Nagar - Sammandar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in this area?

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