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Guideline Value

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Guideline Value for Kamakodi Nagar - Sundarar Street

₹4400/sq.ft.

The guideline value for Kamakodi Nagar - Sundarar 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 - Sundarar Street

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Kamakodi Nagar - Sundarar Street guideline value

The current guideline value of Kamakodi Nagar - Sundarar 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 - Sundarar Street has changed

The guideline value for Kamakodi Nagar - Sundarar 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 2012, marking a change of +515%. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, which brought it to Rs 4,400 per sq.ft, reflecting a +10% increase.

From 2007 to 2024, the overall increase in guideline value is +577%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

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 for the village is Rs 3,850 per sq.ft, placing Kamakodi Nagar - Sundarar Street above this median at Rs 4,400 per sq.ft.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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, bringing the total cost for these charges to 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.

You can also use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Kamakodi Nagar - Sundarar Street?

The Sub Registrar Office that covers Kamakodi Nagar - Sundarar Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Valasaravakkam. It helps determine the stamp duty and registration fees that are payable during the transaction, ensuring that the charges are based on a standardized value set by the government.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kamakodi Nagar - Sundarar 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. The most notable increase was between 2007 and 2012, where it rose by +515%.

What is the land classification for Kamakodi Nagar - Sundarar Street?

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

Where can I find the Sub Registrar Office for Kamakodi Nagar - Sundarar Street?

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

How is stamp duty calculated for properties in Kamakodi Nagar?

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